What does my ID and proof of funds have anything to do with my conveyancing in Warsash? Why is this being asked of me?
Warsash conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill no older than three months).
Evidence of the origin of monies is also necessary under the money laundering statutes as conveyancers are mandated to check that the monies you are utilising to purchase a property (be it the exchange deposit or the total purchase price where you are a cash purchaser) has originated from an acceptable source (such as an inheritance) rather than the proceeds of illegitimate activity.
Should my solicitor be raising enquiries regarding flooding as part of the conveyancing in Warsash.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Warsash. Plenty of people will purchase a house in Warsash, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not qualified to offer advice on flood risk, however there are a various checks that can be initiated by the buyer or by their solicitors which can figure out the risks in Warsash. The standard information supplied to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the seller to discover whether the premises has suffered from flooding. In the event that flooding has previously occurred which is not revealed by the seller, then a purchaser may issue a compensation claim as a result of such an misleading response. A purchaser’s solicitors should also carry out an enviro search. This will higlight whether there is any known flood risk. If so, further investigations should be made.
I bought my apartment on 13 September and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Warsash advises it will be formalised in less than a month. Are titles in Warsash uniquely lengthy to register?
There is nothing unique about conveyancing in Warsash registration formalities. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether there are errors and whether the Land registry have to notify any other parties. As of today roughly 80% of submission are fully addressed within 12 days but some can be subject to extensive hold-ups. Registration takes place after the buyer has moved in to the property thus an expedited registration is not usually primary concern but if there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
I'm purchasing a new build house in Warsash benefiting from help to buy. The developers would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The sale representative told me not to tell my lawyer about the extras as it may jeopardize my mortgage with Nottingham Building Society. Is this normal?.
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.
Given that I am about to spend £400,000 on a house in Warsash I would like to have a conversation with the solicitor regarding thehouse move prior to instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor due to be carrying out your conveyancing in Warsash.There is no ‘factory style conveyancing’ - every client is an important person, not a case number. The solicitors that we put you in touch with believe that the fees you are provided with for residential conveyancing in Warsash should be the amount on the final invoice that you end up paying.
I need to instruct a conveyancing lawyer in Warsash for my house move. Is there any facility to check a solicitor's complaints history with the profession’s regulator?
One can search for presented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator could monitor telephone calls for training purposes.