The housing market in Virginia Water is hotting up. What can I do to speed up matters?
First, If the seller is applying time constraints for your conveyancing it is highly recommended that your conveyancer is familiar with the area as they will make use of local connections and intelligence. It is possible that they would have conducted previousproperties in the same street. You would be best advised to use a Virginia Water conveyancing solicitor. In addition, ensure that the lawyer is on the on the approved list for your mortgage company. It is estimated that 18% of Virginia Water conveyancing transactions are delayed or jeopardised after discovering a buyer’s lawyer was not on their mortgage lender’s panel. This can often result in the buying process being delayed by as much as three weeks. It is estimated that this issue affects in the region of one hundred thousand home moves every year. Almost all Virginia Water conveyancing practices can not act for certain lenders so do check at the outset.
What does my ID and proof of funds have anything to do with my conveyancing in Virginia Water? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Virginia Water. Nowadays you will not be able to proceed with any conveyancing deal without first submitting proof of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Please note that if you are supplying your driving licence as evidence of ID it needs to be both the paper section as well as the photo card part, one is not sufficient without the other.
Proof of your source of funds is mandated in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your lawyer will need to retain this information on record. Your Virginia Water conveyancing solicitor will require evidence of proof of funds prior to accepting any monies from you into their client account and they will also ask additional queries regarding the source of monies.
I am expecting a DIP from Co-operative this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Co-operative recommend any Virginia Water solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Virginia Water solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
I'm spending time looking at apartments in Virginia Water and I am now considering a potential offer. Should I already have a lawyer in place at this point? I am planning to take a home loan with Virgin Money.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are taking out 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.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Virginia Water bank branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Virginia Water conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend in accordance with their specific requirements. I have no idea who is right.
Your property lawyer has to follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The conveyancers who handled the conveyancing in Virginia Water 4 years ago are no longer around. What do I do?
These day there are copies made of almost everything, and your conveyancer will know exactly where to locate all the suitable paperwork so you may buy or dispose of your property without any difficulty. If copies can’t be found, your lawyer can put in place insurance or indemnities protecting you against future claims on your property.
As co-executor for the will of my grandmother I am selling a residence in Neath but reside in Virginia Water. My lawyer (based 235 miles from meneeds me to execute a statutory declaration prior to completion. Could you suggest a conveyancing solicitor in Virginia Water to witness this legal document for me?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Virginia Water based
We are considering using an online conveyancing practitioner rather than a Virginia Water conveyancing firm. Should I ‘stay local’?
Various benefits exist in being able to pop in to a local Virginia Water conveyancing solicitor such as
- signing documents same day
- often being able to see someone face-to-face can make a huge difference, particularly for non-standard house moves
- the ability to raise concerns if things need to addressed
When checking quotes, look out for hidden extras. The majority decent Virginia Water high street solicitors give an all-inclusive figure. Often online agents appear to offer low cost prices, but have burried 'extras' in the in the terms and conditions.