In what way does my ID and proof of funds have anything to do with my conveyancing in North Woolwich? What am I being asked for?
To satisfy the Money Laundering Regulations any North Woolwich conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to check not simply the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this will result in your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the relevant authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
I'm the sole recipient of my late mum's will with all property in now in my sole name, including the my former home in North Woolwich. Conveyancing formalities meant that the Land Registry date was in January. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership will be considered the same way as if I'd bought the property in January. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. How sensible a view lenders take of it, depend on the bank as this clause is principally there to identify subsales or the flipping of properties.
My fiancee and I are in the process of viewing flats in North Woolwich and I am about to put in an offer. Should I already have a lawyer appointed at this point? I am planning to take a home loan with Kent Reliance.
It would be prudent to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are obtaining a mortgage with Kent Reliance, ask your prospective lawyers if they are on the Kent Reliance conveyancing panel otherwise they can't do the mortgage legal work.
I am due to exchange contracts on my house. I had a double glazing fitted in January 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Aldermore are being problematic. The North Woolwich solicitor who is on the Aldermore conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Aldermore are insisting on a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Are there restrictive covenants that are commonly picked up as part of conveyancing in North Woolwich?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in North Woolwich. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey completed on a property in North Woolwich prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in North Woolwich. Conveyancing will be smoother if you use a solicitor in North Woolwich especially if they are accustomed to such properties in North Woolwich.
We're new on the property ladder - had an offer accepted, but the property agent informed us that the seller will only go ahead if we appoint their chosen solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a local conveyancer accustomed to conveyancing in North Woolwich
It is improbable the owners are driving this. Should the owner require ‘a quick sale', alienating a genuine purchaser is likely to cause more damage than good. Contact the vendors directly and explain that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)however you are going to appoint your preferred North Woolwich conveyancing firm - as opposed tothe ones that will give the negotiator at the agency a introducer fee or achieve conveyancing figures set by HQ.
We are in the process of purchasing a house in North Woolwich. Could the property lawyer have our purchase price confidential from sites such as Zoopla. Is this possible and how?
The Land Registry as a matter of law required to note price sold information on a register of the title for domestic properties nationwide which includes homes in North Woolwich. The Title Register is an open document, so HMLR would be breaking the law if they did not allow access to the register.
You can ask the Land Registry to withhold the amount paid entry but the response will be a No.