I have given 2 months notice to my current landlord and must leave my let out flat in Hazel Grove by the end of next month. Conveyancing on my purchase has just started. How realistic is it to complete in six weeks as don't want to have to move into temporary accommodation?
It is unwise to provide notice for your lease until your lawyer suggests that you should. Assuming that you have not already done so, speak to your lawyer and request that they chase the sellers solicitors, try to an acceptable time-line that everyone will work towards
In what way does my ID and proof of funds have anything to do with my conveyancing in Hazel Grove? Is this really necessary?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Hazel Grove. Nowadays you will not be able to proceed with any conveyancing deal if you have not submitting evidence of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Please note that if you are supplying your driving licence as proof of identification it needs to be both the paper part as well as the photo card part, one is not sufficient in the absence of the other.
Proof of your source of monies is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer must retain this information on record. Your Hazel Grove conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they should also ask further queries regarding the source of monies.
What is the difference between a licensed conveyancer and conveyancing solicitor in Hazel Grove
There are two types of lawyers who can perform conveyancing in Hazel Grove namely licenced conveyancers or solicitors. The two can handle the legal services that you need to complete the disposal or acquisition of property. Both are required to perform Hazel Grove conveyancing to the same standards and guidelines so you can be sure that your conveyancing will be professionally conducted and that all requirements and steps will be accurately attended to.
We have agreed to purchase a house in Hazel Grove. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
Given that your lender is Virgin Money your lawyer must check the conveyancing requirements outlined in Section two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook stipulates minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Virgin Money where a lease fails to satisfy these requirements. The requirements relate to the installation of panels on properties countrywide and is not isolated to Hazel Grove.
I recently had an offer accepted on a house in Hazel Grove. My financial adviser recommended their conveyancers. I paid an on account payment of £150. Soon after, the property lawyer contacted me to say that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Should our lawyer be asking questions about flooding during the conveyancing in Hazel Grove.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Hazel Grove. There are those who acquire a property in Hazel Grove, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not qualified to impart advice on flood risk, however there are a various searches that can be carried out by the buyer or on a buyer’s behalf which should figure out the risks in Hazel Grove. The standard property information forms supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the seller to discover whether the property has historically flooded. If flooding has previously occurred which is not notified by the seller, then a buyer may commence a legal claim for losses stemming from an incorrect reply. The buyer’s conveyancers may also carry out an enviro report. This will higlight if there is any known flood risk. If so, more detailed inquiries should be made.
How does conveyancing in Hazel Grove differ for new build properties?
Most buyers of new build or newly converted property in Hazel Grove contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Hazel Grove typically 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 used to new build conveyancing in Hazel Grove or who has acted in the same development.
We're FTB’s - agreed a price, but the estate agent has warned us that the vendor will only move forward if we use their chosen lawyers as they want an ‘expedited deal’. We would rather use a family solicitor accustomed to conveyancing in Hazel Grove
It is unlikely the sellers are behind this. If they desire ‘a quick sale', turning down a serious purchaser is going to damage their objectives. Try to communicate with the sellers directly and explain that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you intend to instruct your preferred Hazel Grove conveyancing firm - as opposed tothe ones that will provide the estate agent a commission or achieve conveyancing figures pre-set by corporate headquarters.