What does my ID and proof of funds have anything to do with my conveyancing in Northwood? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms of Engagement that you need to sign will no doubt stipulate this. Your lender will also require certain documents to be viewed. Where you refuse to hand over identification documents, your solicitor will not be able to take you on as a client.
A colleague advised me that where I am purchasing in Northwood I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Northwood conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Northwood around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Northwood Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Northwood Education with plans and statistics, Local Amenities and other useful data regarding Northwood.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who conducted the conveyancing in Northwood 4 years ago are no longer around. What do I do?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware precisely where to find all the appropriate paperwork so you can purchase or dispose of your property without any difficulty. Where duplicates are not available, your solicitor can arrange cover in the form of insurance or indemnities against possible claims on your property.
I'm buying my first flat in Northwood benefiting from help to buy. The developers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not inform my lawyer about the side-deal as it will put at risk my mortgage with Barclays . Should I keep quiet?.
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've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Northwood is the location of the property. Is there any guidance you can give?
Flying freeholds in Northwood are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Northwood you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Northwood may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I was recommended by a number of selling agents in Northwood to get a quote from a conveyancer using your seach tool. Is there a financial incentive for Estate Agents to recommend your services ahead of a competitor’s?
We refuse to offer any referral fee for sending work to this site. We found it would be just too difficult to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.