What does my ID and proof of funds have anything to do with my conveyancing in Sprowston? What am I being asked for?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Sprowston. Nowadays you can not complete any conveyancing transaction without first handing over proof of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are providing your driving licence as proof of ID it must be both the paper part and photo card part, one is not acceptable without the other.
Evidence of the source of monies is required under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer will need to have this information on record. Your Sprowston conveyancing lawyer will require evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask additional questions regarding the source of funds.
There are numerous conveyancing solicitors in Sprowston but how do I know who's good?
It would be unwise to be swayed by the cheapest Sprowston conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
Please help - my lawyer says that lack of planning permission insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Sprowston?
The right level of lack of planning permission indemnity insurance depends on your lender. It would differ for example between Accord Mortgages Ltd and Chelsea Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
When it comes to mortgage companies such as Nationwide, do Sprowston conveyancing practitioners incur an annual charge to be on the list of approved solicitors?
We are not aware of any lender fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Various internet forums that I have frequented warn that are the primary cause of delay in Sprowston house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Sprowston.
My wife and I have a terraced Edwardian house in Sprowston. Conveyancing practitioner acted for me and Coventry Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sprowston and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing lawyer who conducted the conveyancing.
How does conveyancing in Sprowston differ for new build properties?
Most buyers of new build or newly converted property in Sprowston come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Sprowston typically purchase the land, 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 conveyancers 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 Sprowston or who has acted in the same development.
I need to find a conveyancing solicitor for some conveyancing in Sprowston. I have discover a web site which appears to be the ideal solution If it is possible to get all this stuff completed via phone that would be preferable. Should I be wary? What should out be looking out for?
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?