What does my ID and proof of funds have anything to do with my conveyancing in Totton? What am I being asked for?
Totton conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under money laundering regulations to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill no older than three months).
Evidence of source of funds is also required in compliance with the money laundering statutes as lawyers are duty bound to check that the monies you are using to buy a property (whether it be the deposit for exchange or the total purchase amount where you are a cash purchaser) has come from an acceptable source (such as an inheritance) as opposed to the proceeds of criminal activity.
I am due to move house in February. Will my conveyancing solicitor liaise with the removal company on the day of completion. As an aside, can you put forward a removal company in Totton. Conveyancing lawyer was organised prior to coming across your website.
On the afternoon of completion you can collect the keys from the property agent but this can only occur after the sellers solicitors inform the agent that the monies to complete are in and the keys can be released. Subsequently you should tell the removal company that they can start moving you in. As a matter of policy we do not suggest a specific removal company but can help you find a conveyancing in Totton or a solicitor that specialises in conveyancing in Totton.
I am purchasing a property in Totton. One unusual aspect is that the roof has a solar panel. Yorkshire BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Yorkshire BS your lawyer must follow the formal requirements contained in Section two of UK Finance Lenders’ Handbook for Yorkshire BS. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and lawyers are required to report to Yorkshire BS where a lease does not satisfy these requirements. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Totton.
My wife and I are in the process of looking at flats in Totton and I am now considering a potential offer. Should I already have a conveyancer appointed at this point? I am planning to take a mortgage with Virgin Money.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are getting a mortgage with Virgin Money, ask your prospective lawyers if they are on the Virgin Money conveyancing panel otherwise they can't do the mortgage legal work.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Totton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Totton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Totton with the aid of help to buy. The developers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my lawyer about the extras as it will put at risk my mortgage with the lender. Should I keep quiet?.
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.
Is it simple use the search tool to find a conveyancing lawyer in Totton on the authorised to act for my mortgage?
First choose a lender such as Nationwide Building Society, Chelsea Building Society or Alliance & Leicester then specify your location a common one being Totton. Conveyancing organisations in Totton and across England and Wales will then be shown.
I need to swap lawyers as my Totton lawyer is not on the lender's panel of conveyancing solicitors. How simple is it to change conveyancer?
If you haven't yet instructed a conveyancer to start work and at this stage simply received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Totton that you're considering.