In what way does my ID and proof of funds have anything to do with my conveyancing in Tulse Hill? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Tulse Hill. However these days you will not be able to complete any conveyancing process if you have not handing over evidence of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Please note that if you are providing your driving licence as evidence of identification it must be both the paper part as well as the photo card part, one is not sufficient without the other.
Verification of your source of monies is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor must have this information on record. Your Tulse Hill conveyancing practitioner will require evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask additional questions regarding the source of funds.
I have been told that property searches are the primary reason for obstruction in Tulse Hill house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Tulse Hill.
I used Wolstenholmes several years past for my conveyancing in Tulse Hill. I now require my file however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Tulse Hill of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Tulse Hill benefiting from help to buy. The developers would not reduce the price so I negotiated £7000 of extras instead. The house builders rep advised me not reveal to my lawyer about this extras as it may put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Tulse Hill is where the house is located. Is there any guidance you can give?
Flying freeholds in Tulse Hill are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tulse Hill you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tulse Hill may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Is it best to instruct a Tulse Hill conveyancing lawyer who is local to the property I am buying? An old friend can perform the legal work however his firm is located over three hundred kilometers away.
The benefit of a high street Tulse Hill conveyancing practice is that you can visit the firm to execute paperwork, hand in your identification documents and pester them where appropriate. Having local Tulse Hill know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and the majority were impressed that must surpass using an unfamiliar Tulse Hill conveyancing solicitor solely due to them being round the corner.