In what way does my ID and proof of funds have anything to do with my conveyancing in Harringay? Is this really necessary?
You are right in these requests have nothing to do with conveyancing in Harringay. However these days you will not be able to complete any conveyancing transaction without first supplying evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are providing your driving licence as proof of ID it must be both the paper section and photo card part, one is not satisfactory in the absence of the other.
Evidence of the source of funds is mandated under Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor will need to have this information on record. Your Harringay conveyancing lawyer will require evidence of proof of funds prior to accepting any money from you into their client account and they should also ask additional questions regarding the source of monies.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Harringay?
There are two types of lawyers who can carry out conveyancing in Harringay namely licenced conveyancers or solicitors. Both professionals handle the legal services that required to complete the disposal or acquisition of property. Both are duty bound to carry out Harringay conveyancing to the same standards and guidelines so you can be sure that your conveyancing will be properly conducted and that all requisite steps will be appropriately followed.
Have just purchased a probate house at auction in Harringay. Conveyancing is necessary. What is next?
Now that you have legally bound yourself to purchase you now have to find a conveyancing lawyer soon as you are faced with a tight deadline in which to complete the conveyancing. Every auction property should have an associated auction pack. This will likely include most,if not all of the paperwork that your solicitor will need. Where you are dealing with leasehold property the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You need to pass this on to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
I have paid off my mortgage with Nottingham. I assume I don't need a Harringay conveyancing practitioner on the Nottingham panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham 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 Nottingham mortgage from the register. Nottingham, 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 Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
Do I need to pay for insurance to address the risk of chancel repairs when purchasing a residence in Harringay?
Unless a previous acquisition of the property completed post 12 October 2013 you can take it that conveyancing practitioners delivering conveyancing in Harringay to remain recommending a chancel search and or insurance against a claim.
3 months have gone by since my purchase conveyancing in Harringay concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a flat up to £305k and found one close by in Harringay I like with a park and transport links in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Harringay for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage that many years may be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
I am planning to acquire a house and need a conveyancing solicitor in Harringay who is on the bank conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who conduct conveyancing in Harringay. We dont recommend any particular firm.