What does my ID and proof of funds have anything to do with my conveyancing in Rochdale? Why is this being asked of me?
Rochdale conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement no older than three months).
Evidence of source of funds is also required under the money laundering regulations as lawyers are mandated to check that the money you are using to acquire a property (be it the exchange deposit or the total purchase price if you are buying without a mortgage) has come from legitimate source (such as employment savings) and is not the fruits of illegitimate activity.
The Rochdale conveyancing lawyers that I appointed last week on my house acquisition in Rochdale have suddenly shut down. They were on acting for me because I needed a firm on the Principality conveyancing panel and my family Rochdale lawyer was not. I cut them a cheque for £250 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Principality conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
Two weeks ago we had a mortgage agreed in principle with UBS. Rochdale conveyancing solicitors have been appointed. How long does it take for UBS to issue the offer to the conveyancer?
Some lenders take longer than others. Have UBS completed the valuation? Have you advised UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have paid off my mortgage with Nottingham. I assume I don't need a Rochdale conveyancing practitioner on the Nottingham panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham 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 Nottingham mortgage from the register. Nottingham, 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 Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
Kent Reliance have agreed my mortgage in principle, my offer on a flat in Rochdale has been accepted, what happens next?
Your property agent will wish to know who your solicitors are (ensure that the solicitors are on the lender’s panel). Call up Kent Reliance or your financial adviser and finalise any outstanding forms. Kent Reliance will appoint a valuer who will get in contact with the estate agent or owners to arrange a time for the valuation to happen. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. Kent Reliance will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Rochdale.
Do I need to pay for insurance to cover chancel repairs when acquiring a property in Rochdale?
Unless a previous acquisition of the house took place post 12 October 2013 you may expect conveyancing practitioners conducting conveyancing in Rochdale to continue to suggest a chancel search and or insurance against a claim.
How simple is it to swap solicitor as I have to appoint a firm on the The Mortgage Works conveyancing panel. I instructed a family conveyancing solicitor in Rochdale five minutes from me but he is not accepted by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Rochdale on the The Mortgage Works panel. Please note that the law firms that we on the directory do not pay us fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Rochdale. In utilising search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Rochdale.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great price which is making it more attractive. I have just been informed that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Rochdale. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Rochdale ?
The majority of houses in Rochdale are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Rochdale so you should seriously consider looking for a Rochdale conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer should report to you on the legal implications.