In what way does my ID and proof of funds have anything to do with my conveyancing in Leicestershire? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing instruction. The Client Care letter that you are required to sign should confirm this. Your lender will also require certain documents to be checked. Where you are unwilling to hand over identification documents, your solicitor will not be able to take you on as a client.
My bid for a property was accepted at auction in Leicestershire. Conveyancing is necessary. What is next?
Having to all intents and purposes signed on the dotted line you should appoint a conveyancing practitioner soon as you now have a tight deadline in which to complete the property. An auction property will ordinarily have an associated auction set of papers. This will likely include evidence of title and search results. In the case of leasehold property the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You should hand this to the lawyer working for you at the earliest opportunity. You also need to ensure that you have funds in order to complete on the on the contractual date .
Forgive me if this question is silly but I am unexperienced as FTB of a garden flat in Leicestershire. Do I receive the keys to the premises on completion from my solicitor? If this is the case, I will use a High Street conveyancing solicitor in Leicestershire?
On the day of completion you do not need to attend the conveyancers office in Leicestershire. Your solicitors will transfer the purchase money to the seller's conveyancers, and once they have received this, you should be invited to pick up the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
Are all Leicestershire Conveyancing Quality Solicitors on the Aldermore conveyancing list of approved solicitors?
Some major banks and building societies now utilise the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of firms.
My colleague recommended that if I am purchasing in Leicestershire I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your Leicestershire conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Leicestershire around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Leicestershire Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Leicestershire Education with plans and statistics, Local Amenities and other useful data about Leicestershire.
I'm purchasing a new build house in Leicestershire with a mortgage from Barclays . The developers refused to move on the amount so I negotiated £7000 of extras instead. The property agent told me not reveal to my solicitor about the side-deal as it may jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
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.
I'm remortgaging my existing house to a BTL mortgage with Nottingham Building Society and intend to use the remaining equity as a deposit on a second property. The location we are interested in is Leicestershire. Will your solicitors be able to act for both sets of mortgage companies and tie in the two deals?
Do use our search tool on this site to be sure that the solicitors are approved by both lenders. Assuming that they are the conveyancer should be able to simultaneously deal with the two deals but you should talk with you conveyancer and specify your expectations and requirements.
I need to retain a conveyancing solicitor for some conveyancing in Leicestershire. I have land on a site which seems to have the perfect solution If it is possible to get all the legals done via web that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?