Recently been in touch with my conveyancing lawyer in West Byfleet who conducted the legals 18 months ago asking for a conveyancing costs illustration based on an identical type of house move (a leasehold premises and a freehold property) of almost identical values with a loan from Clydesdale. I am now being charged twice the amount. Am I right to be tempted to shop around for an alternative property lawyer?
The costs illustration is slightly on the expensive side. Where you are happy to invest time scrutinising prices you might trim some of the expense by as much as a hundred pounds. That being said, if you were pleased with the assistance the firm provided you couldlive to rue opting for an an untested solicitor. If is important to be sure the firm can also act for Clydesdale. You can employ our search tool to locate a West Byfleet conveyancing firm on the Clydesdale member panel, which can often include conveyancing solicitors in West Byfleet.
The housing market in West Byfleet is hotting up. What can be done to quicken up the legal process?
In the event that 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 relationships and knowledge. It is possible that they could have transacted previousproperties in the same road. You would be best advised to use a West Byfleet conveyancing solicitor. In addition, check that the lawyer is on the member panel. It is understood that 18% of West Byfleet conveyancing deals are delayed or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s panel. In many cases this discovery resulted in the home move being held up by as much as three weeks. It is claimed that this issue affects approximately one hundred thousand home moves annually. Almost all West Byfleet conveyancing practices can not represent certain lenders so do check at the outset.
What does my ID and proof of funds have anything to do with my conveyancing in West Byfleet? Why is this being asked of me?
West Byfleet conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill less than 3 months old).
Confirmation of source of monies is also required under the money laundering regulations as conveyancers are obliged to check that the money you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase amount where you are a cash purchaser) has originated from legitimate source (such as employment savings) and is not the proceeds of illegitimate activity.
Just acquired a terraced house in West Byfleet , how long will it take for the Land Registry to record the transfer to my name? My West Byfleet conveyancing solicitor works at snail pace, so I want to check the land registry aspects are dealt with.
As far as conveyancing in West Byfleet registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether there are errors and if the Land registry need to notify any other persons or bodies. At present approximately three quarters of such applications are fully addressed within two weeks but occasionally there can be extensive delays. Registration occurs after the buyer has moved in to the premises so post completion formalities is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your solicitor could contact the land registry and explain the circumstances.
I am buying a new build house in West Byfleet with the aid of help to buy. The builders refused to reduce the price so I negotiated £7000 of additionals instead. The sale representative advised me not to tell my lawyer about the deal as it would jeopardize my mortgage with Nottingham Building Society. Do I keep my lawyer in the dark?.
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.
Am I right to be wary that estate agents that I am dealing with are suggesting a web based conveyancing firm as opposed to a local West Byfleet conveyancing practice?
As is the case with many professional services, often input from relatives can be most helpful. Nevertheless there are numerous players in a conveyancing deal; estate agents, financial adviser and lenders may suggest solicitors to appoint. Sometimes these solicitors might be known to one of the organisations as experts in their field, but occasionally there is an underlying commercial relationship behind the recommendation. You have the right to appoint your preferred lawyer. Don't forget that the majority of banks specify a panel list of conveyancers you must use for the lender aspect of your conveyancing.