In what way does my ID and proof of funds have anything to do with my conveyancing in Little Haven? Is this really necessary?
Little Haven 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 in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).
Confirmation of the origin of funds is also necessary in compliance with the money laundering regulations as conveyancers are required to investigate that the money you are utilising to buy a property (whether it be the deposit for exchange or the full purchase price where you are a cash purchaser) has originated from legitimate source (such as an inheritance) rather than the fruits of criminal behaviour.
It has been three months following my purchase conveyancing in Little Haven completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 property 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.
How does conveyancing in Little Haven differ for newly converted properties?
Most buyers of new build property in Little Haven contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because builders in Little Haven tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Little Haven or who has acted in the same development.
Over the last few months I have been searching for a flat up to £245,000 and identified one round the corner in Little Haven I like with a park and transport links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Little Haven in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease will be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
My cousin has urged me to appoint his conveyancing solicitors in Little Haven. Do I take his recommendation?
There are no two ways about it the ideal way to find a conveyancing solicitor is to seek feedback from friends or family who have previously instructed the solicitor you're are thinking of instructing.
My husband and I are buying a 2 bedroom apartmentin Little Haven with a loan from a lender. We have selected a conveyancer in Little Haven but our mortgage company says she’s not on their "panel". Apparently we need to choose one of the our mortgage company panel firms or stay with our Little Haven conveyancer and incur the extra legals for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The bank mortgage offered to you is subject to its terms and conditions, one of which will be that solicitors will on the bank's conveyancing panel. Until recently, most banks had large numbers of law firms on their panels, including most conveyancing solicitors in Little Haven : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for your lender.