Last September we completed a house move in North Woolwich. We have noticed several issues with the property which we believe were overlooked in the conveyancing searches. Do we have any recourse? What searches should? have been carried out as part of conveyancing in North Woolwich?
It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in North Woolwich. Conveyancing searches and investigations initiated during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, the vendor fills in a document called a SPIF. answers proves to be incorrect, you may have a misrepresentation claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in North Woolwich.
What does my ID and proof of funds have anything to do with my conveyancing in North Woolwich? What am I being asked for?
North Woolwich conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill no older than three months).
Evidence of the origin of funds is also required under the money laundering regulations as lawyers are obliged to investigate that the monies you are utilising to acquire a property (be it the exchange deposit or the total purchase monies where you are a cash purchaser) has originated from legitimate source (such as an inheritance) as opposed to the fruits of illegitimate behaviour.
I purchased a terraced Edwardian property in North Woolwich. Conveyancing lawyer represented me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the exact same address. Is it worth asking Leeds Building Society to clarify?
You need to assess the Freehold register you have again and check the Charges Register for 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 North Woolwich and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing lawyer who conducted the purchase.
I am purchasing a new build house in North Woolwich benefiting from help to buy. The builders refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not inform my solicitor about this extras as it could adversely affect my loan with the lender. 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'm remortgaging my existing property to a buy to let mortgage with Birmingham Midshires and I will use the rest of the raised equity as a down payment on further house. The location we are looking at is North Woolwich. Will your solicitors be able to act for both sets of lenders and tie in the two deals?
Make use of our search tool on this page to ensure that the lawyers are approved by both lenders. On the basis that they are the solicitor will be able to connect the two conveyancing matters but you should have a chat with you lawyer and make clear your expectations and needs.
I require the services of a bank panel solicitor in North Woolwich. Could you help me?
Unfortunately it’s not apparent why you need a North Woolwich panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in North Woolwich are on their panel . If you do find such a firm in North Woolwich not listed please direct them to our site to list. After all the cost is only one £1 a month