What does my ID and proof of funds have anything to do with my conveyancing in Highams Park? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with before they can accept their conveyancing instruction. The Client Care letter that you need to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to provide identification documents, your solicitor will not be able to take you on as a client.
Will our lawyer be asking questions concerning flooding during the conveyancing in Highams Park.
The risk of flooding is if increasing concern for solicitors dealing with homes in Highams Park. Some people will acquire a house in Highams Park, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to impart advice on flood risk, however there are a number of checks that may be undertaken by the purchaser or on a buyer’s behalf which will give them a better appreciation of the risks in Highams Park. The conventional set of property information forms sent to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a standard question of the vendor to find out whether the property has suffered from flooding. In the event that flooding has previously occurred and is not notified by the seller, then a purchaser could issue a claim for damages as a result of such an incorrect reply. The purchaser’s lawyers should also commission an environmental report. This should higlight whether there is a recorded flood risk. If so, more detailed inquiries should be made.
I'm purchasing a new build house in Highams Park with the aid of help to buy. The developers refused to move on the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not disclose to my conveyancer about this side-deal as it will jeopardize my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What does commercial conveyancing in Highams Park cover?
Highams Park conveyancing for business premises covers a wide range of advice, provided by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
We are 3 weeks into a leasehold purchase having been directed to a firm by the high street agent to do our conveyancing in Highams Park. We are not happy. Can you help me find new lawyers?
A lawyer would have to be very poor in order to consider diss instructing them. Has your mortgage been generated? In the event that it has you will need to advise them of the new lawyer and have the offer are re-issued. Your solicitor ideally needs to be on the mortgage company approved list to avoid added expenses and complications. So that should be your starting point. Our find a solicitor tool can help you find a lender approved lawyer for your conveyancing in Highams Park
We are about to purchasing a property in Highams Park. Can our property lawyer keep our purchase price private from sites such as Nestoria. Is this achievable and how?
HM Land Registry as a matter of law obliged to specify price paid data on the official title for domestic properties nationwide including homes in Highams Park. The register of title is a public document, so HMLR would be breaching their statutory duty if they failed to permit access to the register.
You can make a request of HM Land Registry to hide the amount paid data however the answer would be a No.