In what way does my ID and proof of funds have anything to do with my conveyancing in Timperley? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the ID of the person or body they are dealing with before they can accept their conveyancing instruction. The Client Care letter that you need to sign will no doubt stipulate this. Your lender will also require certain documents to be checked. Should you are unwilling to provide ID verification documents, your conveyancer would not be able to accept instructions from you.
I have 71 years remaining on my lease and need a lease extension for my flat in Timperley. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/11/2024 the requirements read as follows :
What is your number one tip for choosing a conveyancing solicitor in Timperley
We would encourage you not to base your choice on the cheapest Timperley conveyancing fees. You really do get what you pay 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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Timperley
There are many registered licenced Conveyancers in Timperley and Solicitor partnerships in Timperley who can help with your conveyancing It is important to make clear that both are regulated professionals specialising in the legal work in transferring property. They may both also handle associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I have a mortgage with RBS for my property in Timperley. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform RBS?
RBS must be informed of your intention prior to renting your property as this is likely to be a breach of RBS’s mortgage conditions. It may be that RBS will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. It should not be necessary to do this via a RBS conveyancing panel lawyer.
I acquired my house on 2 September and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Timperley advises it should be dealt with in a couple of weeks. Are properties in Timperley particularly slow to register?
As far as conveyancing in Timperley is concerned, registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can vary according to who lodges the application, whether there are errors and whether the Land registry communicate with any other parties. Currently in the region of three quarters of submission are completed in less than three weeks but occasionally there can be longer hold-ups. Registration occurs after the buyer is living at the premises thus an expedited registration is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your lawyers must contact the land registry and explain the circumstances.
I need to find a conveyancing solicitor for purchase conveyancing in Timperley. I've stumble across a site which seems to have the ideal offering If there is a chance to get all this stuff completed via web that would be preferable. Do I need to be concerned? 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?
I am buying a flat mortgage free. My lawyer has been given with two separate proof of photo identification, bank statement, numerous utility bills. Now he requires a copy from a probate lawyer stating that the money is in order and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Timperley conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Evidence of your source of funds is required under Money Laundering Regulations.