My solicitor has discovered a defect with the lease for the flat we are buying in Mousehole. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer says that he must ensure that the bank is willing to move forward with this solution. Who is the client here, us or the lender?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the mortgage company are the client. The appropriate lender conditions must be adhered to.
What does my ID and proof of funds have anything to do with my conveyancing in Mousehole? What am I being asked for?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Mousehole. However these days you will not be able to proceed with any conveyancing deal if you have not handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as evidence of identification it needs to be both the paper part as well as the photo card part, one is not acceptable without the other.
Verification of the origin of money is necessary in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer must have this information on record. Your Mousehole conveyancing practitioner will require evidence of proof of funds before they are able to accept any monies from you into their client account and they will also ask additional queries regarding the source of monies.
My flat in Mousehole is up for sale and I have a purchaser. Does the property lawyer need to be on the UBS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
This question may be naive but I am new to the home buying as FTB of a garden flat in Mousehole. Do I collect the keys to the premises on completion from my conveyancer? If this is the case, I will use a High Street conveyancing solicitor in Mousehole?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the owner’s lawyers, and once they have received this, you will be called to pick up the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
I am due to move house in May. Will my conveyancing solicitor update the removal company on the completion day. Incidentally, can you suggest a removal company in Mousehole. Conveyancing firm was found before I stumbled across this page.
On the afternoon of completion you can pick up the house keys from the estate agent however this should only take place when the previous owners solicitors advise the agent that they have the completion monies and the keys can be collected. After that you can advise the removal company that they can start moving you in. As a matter of policy we do not recommend a specific removal company but can assist you in finding a residential property solicitor in Mousehole or a firm that specialises in conveyancing in Mousehole.
My wife and I buying a detached bungalow in Mousehole. We would like to carry out a loft conversion at the house.Will legal conveyancing on the property involve enquiries to ascertain if these works are allowed?
Your solicitor will review the registered title as conveyancing in Mousehole can sometimes reveal restrictions in the title deeds which prevent categories of changes or need the consent of another owner. Some works need local authority planning consent and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be wise to check these issues with a surveyor ahead of any purchase.
I was recommended by a few estate agents in Mousehole to find a conveyancer on your site. Is there a financial incentive for Estate Agents to promote your lawyers over and above another?
We don’t give any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
What type of property do your Mousehole conveyancing estimates relate to?
The quotes issued are only relevant to standard domestic premises in England & Wales. Where you have any different requirements for example industrial or agricultural land or commercial conveyancing in Mousehole please telephone us to address this further .