In what way does my ID and proof of funds have anything to do with my conveyancing in Norton? What am I being asked for?
Norton conveyancing solicitors and indeed property lawyers throughout the UK have a duty under money laundering regulations to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).
Evidence of the origin of funds is also necessary under the money laundering laws as solicitors are obliged to ensure that the monies you are utilising to buy a property (be it the exchange deposit or the total purchase amount where you are buying mortgage free) has come from a reputable source (such as employment savings) and is not the product of illegitimate behaviour.
I am helping my step-mother sell her flat in Norton. Will the conveyancer arrange the energy assessment or it is for the seller to coordinate?
Following the demise of HIPs, energy performance certificates was retained a required element of moving house. An energy assessment must be to hand in advance of the property being put on the market. It is not as aspect of the sale process that lawyers ordinarily organise. If you are using a Norton conveyancing practitioner they might help arrange energy assessments given their relationships with reputable local energy assessors
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Norton building society branch on numerous occasions and was advised it wasn't an issue and they would lend. My Norton conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Provided that the conveyancing practitioner is on the bank approved list, they must adhere to the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Nottingham have agreed my mortgage in principle, my offer on a flat in Norton has been agreed to, what happens next?
Your property agent will wish to know who your solicitors are (be sure the property lawyers are on the bank’s panel). Contact Nottingham or your financial adviser and finish off any relevant forms. Nottingham will appoint a valuer who will get in contact with the selling agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. Nottingham will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Norton.
I am planning on selling our home in Norton and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the buyers are using an online conveyancing firm as opposed to a conveyancing solicitor in Norton. Having lived in Norton for six years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Norton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Norton 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 Norton 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 Norton may decide 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 premises.
Taking into account that I will soon part with hundreds of thousands of pounds on a house in Norton I wish to have a conversation with the solicitor about myconveyancing ahead of giving the go ahead to the firm. Can this be arranged?
Absolutely - we would be happy to talk to you we do not take any clients on without you liaising with the solicitor who will be carrying out your property ownership legalities in Norton.There is no ‘factory style conveyancing’ - every client is unique individual, not a case number. The law firms that we put you in touch with believe that the fees you are quoted for residential conveyancing in Norton should be the figure that you end up paying.
My wife and I have recently appointed a conveyancing solicitor in Norton. I need to find out if they are listed on the bank's approved list of lawyers. Could you advise?
You should call your lawyer to enquire if they are on the bank's panel. If that does not help get in touch with us and we can make some checks for you. Should the firm not be on the bank panel we we can help find a quality conveyancing solicitor in Norton on the panel for your mortgage company.