The vendors of the house we are looking to purchase are using a conveyancing practitioner in Liss who has suggested a exclusivity agreement with a down payment two thousand pounds. Are such agreements sensible?
This form of contract is not the norm in Liss, conveyancers will often direct clients away from them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. In addition, there is no assurance that just because the proprietor has signed a lock out contract they will sell to you. They may breach the contract if they are offered a large enough incentive to do so because a wronged claimant with the benefit of a exclusivitycontract will still be obliged establish consequential losses from the breach and these may not compare to the extra amount that your seller may obtain by breaching the agreement, no matter how morally unworthy it undoubtedly is.
In what way does my ID and proof of funds have anything to do with my conveyancing in Liss? What am I being asked for?
Liss conveyancing solicitors and indeed property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Evidence of the origin of funds is also required in compliance with the money laundering statutes as conveyancers are mandated to investigate that the money you are using to buy a property (whether it be the deposit for exchange or the total purchase price if you are a cash purchaser) has come from legitimate source (such as an inheritance) as opposed to the proceeds of criminal activity.
We hope to to purchase with Darlington Building Society. We have called around locally but cant to find a Liss conveyancing firm on the Darlington Building Society approved list. Please you help?
Feel free to take advantage of the find a lender approved solicitor tool on this page. Please choose the lender and type Liss or your preferred area and you will be presented with a number of lawyer offices in Liss or by proximity to you.
Can you help - my lawyer says that lack of building regulations insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Liss?
The right level of lack of building regulations indemnity insurance should be dictated by who your lender. It would differ for example between Yorkshire Building Society and Virgin Money. Conveyancing solicitors as opposed to borrowers take out such insurances.
About to purchase house in Liss. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Liss solicitor is on the Leeds Building Society conveyancing panel.
Principality have agreed my mortgage in principle, my bid on a flat in Liss has been accepted, now what?
The property agent will want to know who your solicitors are (make sure the property lawyers are on the bank’s approved list). Call up Principality or the financial adviser and finalise any outstanding forms. Principality will sellect a valuer who will get in touch with the estate agent or vendor to arrange an appointment. Once conducted (assuming no problems) it takes about a fortnight to get a mortgage offer. Principality will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Liss.
Due to the advice of my in-laws I had a survey completed on a property in Liss before appointing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some lenders may refuse to give a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can check via 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 Liss. Conveyancing will be smoother if you use a solicitor in Liss especially if they are familiar with such properties in Liss.
I am thinking of appointing a conveyancing practitioner in Liss for my home move. Is it possible to review a solicitor's complaints history with the legal regulator?
Members of the public can read documented Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training purposes.