Recently contacted my conveyancing lawyer in Halesworth who completed the legal work 18 months ago and wanted a conveyancing quote based on an identical type of house sale & purchase (a leasehold property and a freehold property) of almost identical values with a home loan from TSB. It looks as though am now being charged twice the amount. Am I right to be tempted to shop around for a cheaper internet conveyancer?
The estimate does seem a tad steep. If you are happy to spend time scrutinising costs you may be able to shave off some of the expense by perhaps £100 plus VAT. On the other hand, assuming were happy with the conveyancing the firm provided you couldcome to regret choosing an an unknown conveyancer. Remember to be sure the solicitor can represent TSB. You can use our search tool to get a quote a Halesworth conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Halesworth.
Our nephew is about to exchange on a house that has just been built in Halesworth with a mortgage from Co-operative. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Co-operative conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Co-operative conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
In what way does my ID and proof of funds have anything to do with my conveyancing in Halesworth? Why is this being asked of me?
Halesworth conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under money laundering regulations to verify the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no older than three months).
Proof of the origin of monies is also necessary in accordance with the money laundering statutes as conveyancers are mandated to ensure that the money you are using to buy a property (be it the exchange deposit or the total purchase price where you are a cash purchaser) has originated from an acceptable source (such as employment savings) rather than the product of illegitimate activity.
I just acquired a house at auction in Halesworth. Conveyancing is required. What is next?
Now that you are exchanged you now have to find a conveyancing lawyer soon as you are facing a fast approaching a drop dead date to complete the purchase. All auction property will have a bespoke auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You should pass this on to the lawyer working for you at the earliest opportunity. You also need to ensure that your finances are in place to complete on the on the contractual date .
I happen to be the single beneficiary of my late father’s will with all property in now in my sole name, including the my former home in Halesworth. The Halesworth property was put into my name in October. I want to move. I do know about the CML 6 month 'rule', meaning my property ownership may be regarded the same way as if I'd bought the house in October. Is the property unsalable for six months?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How sensible a view lenders take of it, depend on the bank as this clause is chiefly there to capture the purchase and immediately sell or the quick reselling of property.
I have today made my last payment due on my mortgage with Kent Reliance. I assume I don't need a Halesworth solicitor on the Kent Reliance panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Kent Reliance mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Kent Reliance mortgage from the register. Kent Reliance, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Kent Reliance has sent the Land Registry the discharge electronically, and
- Kent Reliance has instructed the Land Registry to do so
I have justdiscovered that Wolstenholmes have closed. They carried out my conveyancing in Halesworth for a purchase of a leasehold flat 18 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Halesworth conveyancing specialists.
How does conveyancing in Halesworth differ for newly converted properties?
Most buyers of new build property in Halesworth come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Halesworth tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Halesworth or who has acted in the same development.