What does my ID and proof of funds have anything to do with my conveyancing in Kingston? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Kingston. Nowadays you will not be able to complete any conveyancing deal without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Please note that if you are supplying your driving licence as proof of identification it must be both the paper element as well as the photo card part, one is not sufficient in the absence of the other.
Evidence of the source of monies is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer must retain this information on record. Your Kingston conveyancing lawyer will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask further queries concerning the source of monies.
Our bank has suggested solicitors on their panel based in Kingston but I would rather instruct a conveyancing lawyer in Kingston local to me. Are you able to help?
The minority of Kingston conveyancing solicitors are on all banks conveyancing panel. Use the above find an approved solicitor tool to choose a Kingston conveyancing solicitor on the on the bank panel.
I have decided to exercise my right to buy my property in Kingston off the council. I have a mortgage offer with Yorkshire BS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
I was told two weeks ago that my mortgage has been agreed to by Co-operative. Is it usual for Co-operative to only issue the offer once my solicitor in Kingston is approved on their conveyancing panel? Co-operative have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
UBS have agreed my home loan in principle, my bid on a flat in Kingston has been agreed to, what happens next?
Your property agent will need to be advised as to your property lawyer's details (ensure that the lawyers are on the bank’s approved list). Telephone UBS or the broker and finish off any appropriate documentation. UBS will instruct a valuer who will get in touch with the estate agent or seller to arrange a time for the valuation to take place. Once carried out (assuming no problems) it takes on average ten days to get a mortgage offer. UBS will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Kingston.
It has been 2 months since my purchase conveyancing in Kingston 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 residence 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.
Due to the advice of my in-laws I had a survey completed on a property in Kingston before appointing solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some banks will refuse to give a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Kingston. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are one month into a residential purchase having been referred to solicitors by the estate agent to execute conveyancing in Kingston. I am am extremely dissatisfied with the level of service. Could you help me find new solicitors?
A solicitor would need to be very bad to suggest diss instructing them. Has the loan offer been sent? In the event that it has you must inform them of the new lawyer and ensure the offer are re-issued. Your solicitor ideally needs to be on the lenders panel to avoid escalating charges and complications. That should be your first question of the new solicitors. The search tool should help you find a lender approved solicitor for your conveyancing in Kingston