My fiance’s uncle is a conveyancing practitioner. I suspect that I'll be able to get preferential pricing for conveyancing, but if not, what kind of fees should I be expecting for conveyancing in Sherborne?
Do contrast pricing. Make use of our search tool on this page. You will notice that estimates will be different but the service one can expect differ between solicitors as is true with most professions.
What does my ID and proof of funds have anything to do with my conveyancing in Sherborne? Is this really necessary?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Sherborne. However these days you can not complete any conveyancing process in the absence submitting proof of your identity. This usually takes the form of a either your passport or driving licence and a council tax bill. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper part as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of your origin of money is required in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer must have this information on file. Your Sherborne conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask further questions regarding the origin of funds.
We wanted to use a property lawyer in Sherborne for our house move. Our broker has since notified us that our mortgage lenders Coventry Building Society won't deal with them. Why is this not regarded as unduly restrictive?
Mortgage Companies tend to restrict either the type or the amount of conveyancing solicitors on their panel. A common example of such criteria being that a firm must not be a sole practitioner. In addition to restricting the type of firm, some have decided to limit the amount of firms they permit to represent them. Be aware that Coventry Building Society have no responsibility for the quality of advice provided by any member of Coventry Building Society Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels since 2008 even though there remains differing views regarding the extent of solicitor engagement in some of that fraud. Figures from the Land Registry reveal that thousands of law firms, including some in or near Sherborne only perform very few conveyances a year.
How does conveyancing in Sherborne differ for new build properties?
Most buyers of new build residence in Sherborne contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Sherborne tend to purchase 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 used to new build conveyancing in Sherborne or who has acted in the same development.
I opted to have a survey done on a house in Sherborne ahead of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some lenders may refuse to give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. If you call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sherborne. Conveyancing will be smoother if you use a solicitor in Sherborne especially if they are accustomed to such properties in Sherborne.
My in 2007. He has got married, divorced and has recently married again. He will be selling the flat in a few months. I suspect that he will simply be asked to supply copies of his marriage certificates to the conveyancing practitioner however he is anxious it will frustrate the sale of the apartment. Should he appoint a lawyer to update the land title information for the property?
The is no need to update the register providing you have the proof required to show how the change of name has come about.
Any purchaser’s solicitor will examine the title information and need evidence to establish the name change for example marriage certificates.