In what way does my ID and proof of funds have anything to do with my conveyancing in London? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you need to sign should confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to supply identification documents, your conveyancer will not be able to take you on as a client.
I have justdiscovered that Action Conveyancing have closed. They conducted my conveyancing in London for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest 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 London conveyancing specialists.
I am buying my first flat in London with the aid of help to buy. The developers refused to budge the price so I negotiated £7000 of extras instead. The sale representative suggested that I not inform my solicitor about the side-deal as it could put at risk my loan with the bank. Is this normal?.
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 opted to have a survey done on a house in London prior to instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may not issue a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in London. Conveyancing will be smoother if you use a solicitor in London especially if they are accustomed to such properties in London.
My company is planning to lease a unit on a shopping parade. Can you recommend lawyers offering no-move-no fees for commercial conveyancing in London for less than 1500k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in London, including the disposal and acquisition of businesses as well as simply premises. If you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. As for the costs this will depend on the structure and nuances of the deal. Please provide us with your contact information or call us so that we can supply you with a fixed commercial conveyancing quote.
We're FTB’s - had an offer accepted, yet the property agent informed us that the owners will only proceed if we instruct their preferred lawyers as they need a ‘quick sale’. My instinct tells me that we should use a family solicitor used to conveyancing in London
It is highly unlikely the sellers are behind this. Should the vendor desire ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you will continue to appoint your preferred London conveyancing lawyers - rather thanthose that will provide the estate agent a referral fee or achieve conveyancing figures set by head office.