What does my ID and proof of funds have anything to do with my conveyancing in Needham Market? Is this really necessary?
Needham Market conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).
Evidence of source of funds is also required under the money laundering regulations as solicitors have a duty to ensure that the monies you are using to acquire a property (be it the exchange deposit or the total purchase amount if you are a cash purchaser) has originated from a reputable source (such as employment savings) and is not the proceeds of criminal activity.
We're in Needham Market, First time buyers purchasing with a mortgage (lender is Barclays , and our lawyer is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am helping my aunt sell her property in Needham Market. Will the solicitor arrange the energy assessment or it is for the seller to coordinate?
After the abolition of HIPs, EPC’s was retained a compulsory part of moving property. An energy performance certificate must be to hand before the property is put on the market. This is not a task that conveyancers ordinarily arrange. Where you are instructing a Needham Market conveyancing practitioner they might be able to arrange energy performance certificates due to their contacts with reputable Needham Market energy assessors
My aunt informed me that in buying a property in Needham Market there may be a number of restrictions prohibiting external alterations to the property. Is this right?
We are aware of anumerous of properties in Needham Market which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Needham Market should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am due to move property in December. Should my conveyancing solicitor communicate with the removal company on the completion day. Incidentally, can you put forward a removal company in Needham Market. Conveyancing solicitor was organised prior to coming across this site.
On the afternoon of completion you will need to collect the keys from the selling agent however this should only happen after the sellers solicitors advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you should tell the removal company that you are ready to move in. As a matter of policy we do not recommend a specific removal company but can assist you in choosing a residential property solicitor in Needham Market or a solicitor with expertise in conveyancing in Needham Market.
I require expedited conveyancing in Needham Market as I am under an ultimatum to sign on the dotted line within 4 weeks. Fortunately I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?
As you are are a mortgage free buyer you have the choice not to do searches although no conveyancer would recommend that you don't. With plenty of history conveyancing in Needham Market the following are examples of what can appear and adversely impact future saleability: Enforcement Actions, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I have justbeen informed that Arc property Solicitors have been shut down. They conducted my conveyancing in Needham Market for a purchase of a freehold house 18 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The easiest way to check if the property is registered to you, you can carry out 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 Needham Market conveyancing specialists.
How does conveyancing in Needham Market differ for newly converted properties?
Most buyers of new build premises in Needham Market come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Needham Market tend to acquire the site, 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 accustomed to new build conveyancing in Needham Market or who has acted in the same development.