I am getting a offer of a home loan from Halifax. I intend to retain the legal services of a Licensed Conveyancer in Welling. Does the Halifax Conveyancing panel allow for conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
What does my ID and proof of funds have anything to do with my conveyancing in Welling? What am I being asked for?
Welling conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Confirmation of the origin of funds is also necessary under the money laundering laws as solicitors are mandated to check that the funds you are using to purchase a property (whether it be the deposit for exchange or the total purchase monies if you are a cash purchaser) has originated from legitimate source (such as an inheritance) rather than the product of criminal behaviour.
I am helping my mother sell her property in Welling. Will the conveyancer arrange the energy performance certificate or should I organise this?
After the demise of Home Information Packs, energy assessments remained a required element of moving house. An EPC must be to hand in advance of the property being advertised. It is not a task that law firms ordinarily organise. If you are instructing a Welling conveyancing practitioner they may be able to arrange energy performance certificates due to their relationships with long established Welling energy assessors
Two weeks ago we had a mortgage agreed in principle with Santander. Welling conveyancing lawyers have been instructed. How long does it take for Santander to forward the offer to the property lawyer?
There is no definitive answer here. Have Santander completed the survey? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Welling building society branch on numerous occasions and was told they are content with the situation and they would lend. My Welling conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend based on their specific requirements. I simply don't know who is right.
The property lawyer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications 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 bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Will my solicitor be raising enquiries concerning flooding as part of the conveyancing in Welling.
Flooding is a growing risk for lawyers dealing with homes in Welling. Some people will purchase a property in Welling, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, however there are a various searches that may be undertaken by the purchaser or on a buyer’s behalf which will figure out the risks in Welling. The conventional set of completed inquiry forms supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the seller to discover whether the premises has suffered from flooding. If the property has been flooded in past which is not notified by the owner, then a buyer may issue a claim for damages as a result of such an incorrect response. A purchaser’s lawyers may also carry out an environmental search. This will higlight if there is a recorded flood risk. If so, more detailed inquiries will need to be made.
What does commercial conveyancing in Welling cover?
Welling conveyancing for business premises incorporates a wide array of services, given by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My financial adviser has suggested using their property lawyer for our conveyancing in Welling - Is it not simpler better to just instruct them?
This is not necessarily the case and you are at liberty to use whichever solicitor you decide for your Welling conveyancing. The solicitor recommended by a 3rd party adviser may not necessarily be the best property lawyer, they may put forward their own conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.