I am expecting a offer of a home loan from Halifax. I intend to instruct a Licensed Conveyancer in Pudsey. Does the Halifax Solicitor panel include Licensed Conveyancers?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
What does my ID and proof of funds have anything to do with my conveyancing in Pudsey? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Pudsey. Nowadays you will not be able to complete any conveyancing deal if you have not submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are supplying your driving licence as proof of ID it must be both the paper element and photo card part, one is not acceptable in the absence of the other.
Proof of your origin of money is mandated in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer must have this information on record. Your Pudsey 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 will also ask additional questions concerning the origin of monies.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel lawyer as I would much rather instruct a Pudsey based conveyancing firm?
Do check but the chances are that give you one of their panel solicitors if you take up the "fee-free" incentive. Call the bank and check if they allow a monetary alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Pudsey.
My bid for a property was accepted at auction in Pudsey. Conveyancing is needed. What happens now?
Now that you have to all intents and purposes signed on the dotted line you will need to appoint a conveyancing practitioner soon as you are faced with a pending deadline in which to complete the deal. An auction property will have a bespoke auction set of papers. This should include most,if not all of the documents that your solicitor requires. Where you are dealing with leasehold property the legal papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You must hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are in place to complete on the on the contractual date .
I have paid off my mortgage with Yorkshire BS. I assume I don't need a Pudsey lawyer on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Yorkshire BS 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 Yorkshire BS mortgage from the register. Yorkshire BS, 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 Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
UBS have agreed my home loan in principle, my offer on a flat in Pudsey has been accepted, what happens next?
Your estate agent will need to be informed of your solicitor's details (ensure that the conveyancers are on the bank’s panel). Contact UBS or the financial adviser and finalise any appropriate forms. UBS will appoint a valuer who will get in contact with the estate agent or vendor to schedule a time for the valuation to happen. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. UBS will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Pudsey.
How does conveyancing in Pudsey differ for newly converted properties?
Most buyers of new build premises in Pudsey approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Pudsey usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Pudsey or who has acted in the same development.
My business partner and I are intending to lease a unit on the high street. Can you recommend lawyers offering no-sale-no costs for non-domestic conveyancing in Pudsey for below 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Pudsey, including the sale and acquisition of businesses as well as simply property. Whether you are intending to acquire or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right firm. Regarding the costs this will depend on the structure and heads of terms of the proposed transaction. Please provide us with your details or call us so that we can furnish you with a fixed commercial conveyancing calculation.