What does my ID and proof of funds have anything to do with my conveyancing in Portslade? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Portslade. Nowadays you will not be able to proceed with any conveyancing deal in the absence handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are providing your driving licence as evidence of ID it must be both the paper element as well as the photo card part, one is not satisfactory without the other.
Proof of the origin of money is necessary in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor must have this information on file. Your Portslade conveyancing practitioner will require evidence of proof of funds before they are able to accept any funds from you into their client account and they may also ask further questions concerning the source of monies.
I had a mortgage agreed in principle with Barclays. Portslade conveyancing practitioners are instructed. How long does it take for Barclays to issue the offer to the conveyancer?
Some lenders take longer than others. Have Barclays done the survey? Have you advised Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer accepted on an apartment in Portslade. My mortgage broker pressured me to appoint their conveyancer. I paid an on account payment of £225. A couple of days later, the lawyer contacted me to say that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a apartment in Portslade. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Portslade conveyancing practitioner is on the UBS conveyancing panel.
I am selling our house in Portslade and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used an online conveyancing outfit as opposed to a conveyancing solicitor in Portslade. Having lived in Portslade for many years we know that this is a non issue. Should we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You must 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 health insurance to cover that same sickness)
I am buying a new build apartment in Portslade. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Portslade
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Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Portslade I like with a park and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Portslade for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease will be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
We are thinking of instructing an online conveyancing practitioner as opposed to a Portslade conveyancing practice. Am I making a mistake?
Advantages do exist in being able to attend a local Portslade conveyancing solicitor for example
- signing documents on short notice
- sometimes being able to speak to someone face-to-face can make a huge difference, particularly for non-standard conveyancing
- the ability to complain if matters go pear-shaped
When checking estimates, look out for hidden extras. The majority decent Portslade high street solicitors give an all-inclusive price. Many online agents appear to offer low cost fees, but have burried 'extras' in the fine print.