Recently been in touch with my conveyancing lawyer in Whitnash who conducted the legals two years ago asking for a conveyancing estimate based on an identical type of house move (a leasehold premises and a freehold property) of similar values with a loan from Clydesdale. I am now being charged double. Am I right to be tempted to shop around for an alternative conveyancer?
The estimate does seem a little on the high side. If you shop around you could reduce the fees marginally by perhaps a hundred pounds. On the other hand, providing that you were pleased with the service the firm provided you couldlive to regret choosing an a cheaper conveyancer. Remember to enquire the firm can represent Clydesdale. You can make use of our search tool to choose a Whitnash conveyancing firm on the Clydesdale approved list of lawyers, which can often include conveyancing solicitors in Whitnash.
In what way does my ID and proof of funds have anything to do with my conveyancing in Whitnash? Is this really necessary?
To satisfy the Money Laundering Regulations any Whitnash conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account showing where you live.
In accordance with Money Laundering Regulations, conveyancers are obliged by law to validate not simply the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this may result in your conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to notify the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I am purchasing a new build house in Whitnash with a mortgage from Yorkshire Building Society. The developers would not move on the price so I negotiated £7000 of extras instead. The estate agent suggested that I not inform my solicitor about the side-deal as it would put at risk my mortgage with the lender. 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.
I am looking for a leasehold apartment up to £235,500 and identified one near me in Whitnash I like with amenity areas and transport links in the vicinity, the downside is that it only has 61 years on the lease. I can't really find anything else in Whitnash for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
I'm converting the mortgage on my existing home to a BTL loan with Bank of Scotland and I will use the ballance of the raised equity towards further property. The location we are interested in is Whitnash. Will your lawyers be able to act for the two lenders and tie in the transactions?
Make use of our search tool on this page to be sure that the conveyancers are on the relevant lender panels. Having checked that they are the conveyancer should be able to tie up the two conveyancing matters but you should have a chat with you conveyancer and make clear your desired outcome and requirements.
I bought a property in Whitnash last 27/8/2024 and to date it is still not registered with HM Land Registry. It was part of a development site and my conveyancing practitioner told me that it can take 12 months to complete the registration formalities. I have spoken with HM Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. What can I do?
It is your lawyer that you really need to get in touch with in order to satisfy any questions which have been raised as part of the registration process for your Whitnash property. Normal Whitnash conveyancing practice includes an undertaking on the part of the seller's property lawyer that they will assist in resolving any requirements raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.