I am acquiring a house mortgage free in Leicester. I have lived for the previous Seventeen years in Leicester. Conveyancing searches are expensive. As I have knowledge of the area and road very well must I have all the conveyancing searches?
Provided that you do not need a home loan, then almost all of the Leicester conveyancing searches are optional. Your conveyancer will 'advise', perhaps strongly, that you should have searches completed, but he has a professional duty to do this. Do bear in mind; if you are intend to sell the house at a future date, it will be of importance to your future purchaser what the searches reveal. On occasion properties with functional issues can still reveal adverse search results. A good conveyancing solicitor in Leicester will provide you some helpful advice in this regard.
What does my ID and proof of funds have anything to do with my conveyancing in Leicester? What am I being asked for?
To satisfy the Money Laundering Regulations any Leicester conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
Under Money Laundering Regulations, conveyancers are obliged by law to ascertain not only the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this will lead to your lawyer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the appropriate authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
How can we know in advance if a Leicester conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Leicester seeking recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer conducting your transaction.
We are getting the release of further monies on our home loan from Co-operative as we want to carry out a loft conversion to our house in Leicester. Are we obliged to appoint a nearby Leicester solicitor on the Co-operative conveyancing panel to deal with the paperwork?
Co-operative don't usually appoint a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative list.
We were going to get a DIP from HSBC this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Leicester solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Leicester solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I have recentlybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Leicester for a purchase of a freehold house 10 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The quickest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Leicester conveyancing specialists.
I decided to have a survey completed on a property in Leicester prior to retaining solicitors. I have been told that there is a flying freehold element to the property. My surveyor advised that some lenders will refuse to grant a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Leicester. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm converting the mortgage on my primary property to a buy to let loan with Accord Mortgages Ltd and I will use the rest of the raised equity towards further property. The location we are looking at is Leicester. Will your solicitors be able to act for the two banks and link together the two deals?
Make use of our comparison tool on this site to be sure that the conveyancers are on the relevant lender panels. On the basis that they are the lawyer will be able to tie up the two conveyancing matters but you should talk with you conveyancer and make clear your desired outcome and requirements.