In what way does my ID and proof of funds have anything to do with my conveyancing in Tavistock? What am I being asked for?
Tavistock conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Proof of source of monies is also required in compliance with the money laundering laws as solicitors have a duty to check that the funds you are utilising to acquire a property (be it the exchange deposit or the full purchase amount where you are buying mortgage free) has originated from an acceptable source (such as an inheritance) rather than the fruits of illegitimate behaviour.
There is lots of information on this site concerning conveyancing in Tavistock but can you isolate your top tip for choosing the right conveyancer in Tavistock
It would be unwise to be seduced by the cheapest Tavistock conveyancing costs illustration. 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 the deal.
Can I be sure that the Tavistock conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Tavistock seeking recommendations is a good starting point. 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 carrying out your transaction.
I was told two weeks ago that my mortgage has been agreed to by Santander. Is it usual for Santander to only issue the offer once my solicitor in Tavistock is approved on their conveyancing panel? Santander have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
I require quick conveyancing in Tavistock as I am faced with a deadline to complete in less than one month. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you are at free not to do searches although no solicitor would advise that you don't. With lots of history conveyancing in Tavistock the following are instances of issues that can appear and therefore affect future mortgageability: Enforcement Notices, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I purchased a terraced Georgian house in Tavistock. Conveyancing solicitor represented me and Aldermore. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold with the matching property. Is it worth asking Aldermore to clarify?
You need to 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tavistock and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing lawyer who conducted the conveyancing.
I am buying my first flat in Tavistock with a mortgage from Bank of Scotland. The sellers would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not inform my conveyancer about this extras as it may adversely affect my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Should one remove a departed person's name from the title deeds for a house in Tavistock?
If a Tavistock property is co-owned and one of the owners passes away, their name will not automatically be removed from the Land Registry title. You are not required to amend the title as in the event of a disposal you would just be asked to supply proof why the co owner is missing from the transfer, such as the probate documents.
With the aim of making things more straight forward for the sale of the property you can apply to have the deceased person removed from the title by submitting an application to HMLR with proof of the death. There is no fee from the Registry for this service.