I chose a high street solicitor for our conveyancing in Marylebone yesterday. Upon checking the Ts and Cs it is apparent thatwe are on the hook for costs even where the transaction does not complete. Would I be best advised to instruct a web based conveyancing company offering no-sale-no-fee conveyancing in Marylebone?
Generally there is a compromise along the lines that if "No Sale No Fee" is available then the conveyancing charges will generally be more expensive to cover the transactions that abort. Do bear in mind that these schemes generally do not protect you from expenditure such as Marylebone conveyancing search charges.
What does my ID and proof of funds have anything to do with my conveyancing in Marylebone? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Marylebone. Nowadays you can not proceed with any conveyancing process without first supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a utility bill. Please note that if you are supplying your driving licence as evidence of identification it needs to be both the paper element and photo card part, one is not satisfactory without the other.
Evidence of the origin of funds is necessary in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer will need to have this information on record. Your Marylebone conveyancing solicitor will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask further queries regarding the origin of monies.
Me and my brother purchased a terraced Victorian property in Marylebone. Conveyancing lawyer represented me and Halifax. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Marylebone and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing practitioner who conducted the conveyancing.
I'm buying a new build house in Marylebone benefiting from help to buy. The developers would not budge the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not to tell my conveyancer about the extras as it will adversely affect 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.
Are there any apps to help search for a Marylebone law firm on the Virgin Money conveyancing panel? I have wheels and am prepared to travel upto 25miles to meet the conveyancer.
Feel free to make use of the facility on this website. Please choose the lender and your location and you will see a number of Marylebone conveyancing lawyers located nearest you. We have listed some Marylebone conveyancing firms at the bottom of this page and you can ring them to check if they are on the Virgin Money member panel
Is it best to instruct a Marylebone conveyancing solicitor based in the area that I am purchasing? We have a good friend who can conduct the legal work but his firm is located 400miles drive away.
The primary upside of using a local Marylebone conveyancing firm is that you can drop in to sign paperwork, deliver your ID and apply pressure on them where appropriate. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and in the main were happy that must outweigh using an unknown Marylebone conveyancing solicitor solely due to them being based in the area.