Can the conveyancing lawyers that are recommend carry out auction conveyancing in Horbury?
We know of a number of auction practitioners we can put you in touch with those conducting auction conveyancing. Horbury is one of the many locations where our lawyers have offices.
What does my ID and proof of funds have anything to do with my conveyancing in Horbury? What am I being asked for?
Horbury conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill no more than three months).
Evidence of source of funds is also necessary under the money laundering regulations as lawyers are required to investigate that the funds you are utilising to acquire a property (be it the exchange deposit or the total purchase monies if you are a cash purchaser) has originated from legitimate source (such as an inheritance) rather than the product of illegitimate activity.
Our lender has suggested solicitors on their panel based in Horbury but I would rather choose a conveyancing lawyer in Horbury or nearer to where I live. Can you help?
Not all Horbury conveyancing firms are listed all lender’s conveyancing panel. Use our find an approved solicitor tool to choose a Horbury conveyancing firm on the on the bank panel.
When it comes to mortgage companies such as Nationwide, do Horbury conveyancing practitioners incur an annual charge to be on the conveyancing panel?
We are unaware of any mortgage company fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I had a mortgage agreed in principle with TSB. Horbury conveyancing lawyers were instructed. What is the average time that one could expect to receive a mortgage offer from TSB?
Some lenders take longer than others. Have TSB done the survey? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I was told three weeks ago that my mortgage has been agreed to by UBS. Is it usual for UBS to only issue the offer once my solicitor in Horbury is approved on their conveyancing panel? UBS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Have purchased a a terraced house in Horbury , how long will it take for the Land Registry to record my ownership? My Horbury conveyancing solicitor has been very slow, so I want to be sure that my ownership is recorded.
As far as conveyancing in Horbury is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timescales can adjust subject to the party submitting the application, whether it is in order and if the Land registry must send notices to any interested parties. As of today roughly three quarters of submission are completed within two weeks but some can be subject to protracted delays. Registration takes place once the new owner has moved in to the property thus an expedited registration is not always top priority but where there is a degree of urgency associated with the registration then you or your solicitor should contact the land registry and explain the circumstances.
I am looking for a flat up to £305k and identified one close by in Horbury I like with amenity areas and railway links nearby, however it only has 61 years unexpired on the lease. There is not much else in Horbury in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.