What is the optimal way of finding a cost effective conveyancing in West Malling?
Option 1 is to ask your friends and family whom they would seek assistance from.
Option 2 is to use a comparison service on the web for conveyancing in West Malling. Call two or three listed and invite them to email you their conveyancing charges and have a conversation with the lawyer who will conduct the legal process prior tomaking your decision.
Third is to use this site to help you find the right solicitors taking into account your unique expectations including location,speed, complications and who the proposed lender is. Don't take the bait of ninety nine pound conveyancing in West Malling
I am only a couple days away from an exchange on a property in West Malling and my parents have transferred the ten percent deposit to my property lawyer. I am now told that as the deposit has been received from someone other than me my lawyer needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The solicitor is duty bound to check with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
In what way does my ID and proof of funds have anything to do with my conveyancing in West Malling? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in West Malling. However these days you can not proceed with any conveyancing process without first handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are supplying your driving licence as proof of ID it needs to be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of the source of money is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer must retain this information on file. Your West Malling conveyancing solicitor will require evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask further questions concerning the source of monies.
My colleague recommended that where I am purchasing in West Malling I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your West Malling conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about West Malling around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the West Malling Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning West Malling.
I am purchasing my first flat in West Malling with the aid of help to buy. The builders refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not inform my solicitor about the side-deal as it may impact my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
My wife and I have recently appointed a conveyancing solicitor in West Malling. I I would like to check if they are listed on the lender's approved list of lawyers. Can you assist?
It’s a good idea call your solicitor to check if they are on the bank's panel. If that does not help get in touch with us and we can make some checks for you. If they are not on the lender panel we we can help find a reputable conveyancing solicitor in West Malling on the panel for your lender.