In what way does my ID and proof of funds have anything to do with my conveyancing in Herefordshire? What am I being asked for?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Herefordshire. However these days you will not be able to complete any conveyancing transaction in the absence submitting proof of your identity. Ordinarily this 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 evidence of ID it must be both the paper section as well as the photo card part, one is not sufficient in the absence of the other.
Proof of the origin of monies is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancing solicitor must have this information on record. Your Herefordshire conveyancing solicitor 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 will also ask further questions concerning the source of funds.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Herefordshire?
Unless a previous purchase of the property completed post 12 October 2013 you may expect solicitors handling conveyancing in Herefordshire to continue to propose a a chancel search and or insurance against a claim.
It has been five months since my purchase conveyancing in Herefordshire completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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 asset 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.
I have been on the look out for a ground for flat up to £195,000 and identified one close by in Herefordshire I like with open areas and railway links in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in Herefordshire in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I have been recommended by numerous selling agents in Herefordshire to find a property lawyer using your seach tool. What’s the financial upside for Estate Agents to promote your services over and above another?
We don’t offer any financial incentive for directing people our way. We found it would be just too difficult a fee as home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I cannot attend my Herefordshire conveyancing practitioners office to execute documents for conveyancing in Herefordshire – is this a problem?
Not a problem. Herefordshire conveyancing lawyers can undertake home moves for clients throughout the rest of the country. It is not necessary for you to be able to attend a Herefordshire conveyancers office. Almost all property lawyer can deal with everything via post, email, telephone and fax.