Are you able to vouch for a Chelsea Building Society approved Petts Wood conveyancing firm finish our house move within less than a month? Would it be better to use a local Petts Wood solicitor or a national conveyancer?
We can recommend some very good Petts Wood conveyancing firms. Another option is to visit the high street in Petts Wood. Visit a couple of law practices and request to speak with a conveyancing solicitor for a fee estimate. Mention your expectations together with your reasons and ask for a commitment on your deadline. Appoint the one that genuine.
In what way does my ID and proof of funds have anything to do with my conveyancing in Petts Wood? What am I being asked for?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Petts Wood. However these days you will not be able to proceed with any conveyancing deal in the absence submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper section and photo card part, one is not satisfactory in the absence of the other.
Verification of the origin of monies is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer must retain this information on record. Your Petts Wood conveyancing practitioner will require evidence of proof of funds before they are able to accept any monies from you into their client account and they should also ask further questions concerning the origin of funds.
When scouring consumer advice sites for a recommended solicitor in Petts Wood, most comment that I should instruct a CQS kitemarked lawyer. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in the legal transfer of properties, trusted by some of the UK's major mortgage companies. Four years ago the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). The scheme does not cover licenced conveyancers. Petts Wood is one of the numerous areas of the UK where there are CQS lawyers.
I have been told by my solicitor that chancel insurance is needed on my purchase. What is the level of cover for Petts Wood conveyancing?
The right level of chancel indemnity insurance depends on your lender. It would differ for example between Birmingham Midshires and The Royal Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such insurances.
When it comes to mortgage companies such as Bank of Ireland, do Petts Wood conveyancers incur a yearly amount to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
I have paid off my mortgage with Skipton. I assume I don't need a Petts Wood conveyancing practitioner on the Skipton panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
I am looking for a leasehold apartment up to £195,000 and identified one near me in Petts Wood I like with open areas and railway links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Petts Wood in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Petts Wood. I've discover a web site which seems to have the perfect offering If it is possible to get all the legals done via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?