What does my ID and proof of funds have anything to do with my conveyancing in Sheffield? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Sheffield. Nowadays you will not be able to proceed with any conveyancing deal in the absence handing over proof of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are supplying your driving licence as proof of identification it must be both the paper part and photo card part, one is not sufficient in the absence of the other.
Verification of the origin of money is required in accordance with the Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancer will need to retain this information on file. Your Sheffield conveyancing solicitor will require evidence of proof of funds prior to accepting any money from you into their client account and they will also ask additional queries concerning the origin of monies.
We are purchasing a 3 bedroom semi in Sheffield. We would like to carry out a loft conversion at the house.Will the conveyancing process involve checks to ascertain if these works were previously refused?
Your solicitor will check the registered title as conveyancing in Sheffield can occasionally identify restrictions in the title documents which prevent certain works or need the permission of a 3rd party. Certain works need local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be wise to check these issues with a surveyor before you commit yourself to a purchase.
I'm the sole recipient of my late mum's will and I have everything in my name alone, including the my former home in Sheffield. The Sheffield property was put into my name in December. I now wish to sell up. I do know about the CML six month 'rule', which means that my property ownership will be regarded the same way as if I'd bought the property in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. Some mortgage companies would take a pragmatic view as this clause primarily exists to capture subsales or the wholesaling and assigning of property.
How can we tell if a Sheffield conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Sheffield seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your conveyancing.
How does conveyancing in Sheffield differ for new build properties?
Most buyers of new build or newly converted property in Sheffield contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Sheffield typically 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 property lawyers 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 Sheffield or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Sheffield is where the house is located. Is there any guidance you can impart?
Flying freeholds in Sheffield are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Sheffield 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 Sheffield may determine 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.
What does commercial conveyancing in Sheffield cover?
Non domestic conveyancing in Sheffield incorporates a wide array of guidance, supplied by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I need to retain a conveyancing solicitor for leasehold conveyancing in Sheffield. I happened to stumble upon a site which seems to have the perfect solution If it is possible to get all the legals done via email that would be ideal. Should I be wary? 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?