My partner and I are acquiring a new build flat in West Sussex and my solicitor is advising me that she is duty bound to the mortgage company to disclose incentives from the builder. I am on a tight deadline to sign contracts and I have no desire to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What does my ID and proof of funds have anything to do with my conveyancing in West Sussex? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in West Sussex. However these days you can not complete any conveyancing transaction in the absence handing over proof of your identity. This usually 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 identification it must be both the paper section as well as the photo card part, one is not sufficient in the absence of the other.
Evidence of your origin of funds is required in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer will need to retain this information on record. Your West Sussex conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they should also ask further questions concerning the source of funds.
I am thinking of remortgaging my house in West Sussex, does my lawyer have to be on the RBS Solicitor panel?
In theory, you could use a solicitor that is not on the RBS conveyancing panel, but RBS 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 transaction.
The estate agent has sent us the confirmation of our purchase of a new build apartment in West Sussex. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in West Sussex
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Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
My business partner and I are intending to take over a lease of an office on a shopping parade. Can you recommend conveyancers offering competitive fees for commercial conveyancing in West Sussex for less than 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in West Sussex, including the sale and purchase of businesses as well as simply property. If you are looking to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. Regarding the costs these will vary based on the structure and terms of the deal. Please provide us with your details or telephone so as to enable us to furnish you with a detailed commercial conveyancing calculation.
As co-executor for the estate of my father I am selling a house in Neath but live in West Sussex. My conveyancer (who is 300 kilometers awayneeds me to execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in West Sussex to attest this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are West Sussex based