What does my ID and proof of funds have anything to do with my conveyancing in West Malling? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in West Malling. However these days you can not proceed with any conveyancing deal in the absence submitting evidence of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper element and photo card part, one is not satisfactory in the absence of the other.
Verification of your source of money is mandated in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer will need to retain this information on record. Your West Malling conveyancing practitioner will require evidence of proof of funds prior to accepting any money from you into their client account and they should also ask further queries regarding the origin of monies.
I am considering applying for a HSBC mortgage for purchase of a new build (under development) in West Malling with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?
In theory, you could use a solicitor that is not on the HSBC conveyancing panel, but HSBC would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Due to the encouragement of my in-laws I had a survey completed on a property in West Malling in advance of instructing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will refuse to give a loan on a flying freehold house.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in West Malling. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Malling to see if the conveyancing will be more expensive.
I'm refinancing my current home to a BTL loan with Bank of Ireland and intend to use the remaining equity as a down payment on another house. The neighborhood we are interested in is West Malling. Will your lawyers be able to act for both sets of mortgage companies and link together the conveyances?
Do use our comparison tool on this site to be sure that the lawyers are approved by both mortgage companies. Assuming that they are the lawyer should be able to connect the two transactions but you should talk with you lawyer and make clear your desired outcome and needs.
Due to complete next month on a studio apartment in West Malling. Conveyancing solicitors inform me that they report fully tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in West Malling should include some of the following:
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Where does the liability rest to repair and maintain the building. It is important for you to know which party is responsible the repair and maintenance of all parts of the block and estate Who has the liability for repairing the window frames Does the lease prevent you from renting out the flat, or having a home office for business Do you need to have carpet in the flat or are you allowed wood flooring? Specifying your rights in relation to common areas in the block.For instance, does the lease provide for a right of way over a path or staircase?
West Malling Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing
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How many of the leaseholders are in arrears for their service charge payments? Is the freehold owned collectively by the leaseholders? You will want to discover as much as possible about the company managing the building as they will either make your life much simpler or problematic. As the owner of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to day to day issues such as the tidiness of the common parts. You should not be shy to ask other tenants what they think of their management. In conclusion, be sure you know the dates that the maintenance charges are due to the managing agents and precisely how they are spending that money.
What type of property do your West Malling conveyancing estimates relate to?
Our conveyancing quotes are only applicable to standard residential homes in England & Wales. Where you have any different requirements for instance industrial or agricultural land or commercial conveyancing in West Malling please telephone us to address your requirements .