I went with a Whittlesey based solicitor for our conveyancing in Whittlesey recently. Upon checking the Terms it is apparent thatI am liable for costs even if the sale aborts. Should I go with them or use a web based conveyancing brokerage who offer no-sale-no-fee conveyancing in Whittlesey?
Generally there is a compromise along the lines that if "No Completion No Fee" is advertised then the fee levels will tend to be be higher to counteract those conveyances that do not proceed. Also remember that such arrangements generally do not protect you from expenditure such your Whittlesey conveyancing search charges.
In what way does my ID and proof of funds have anything to do with my conveyancing in Whittlesey? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Whittlesey 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 bill evidencing where you reside.
Under Money Laundering Regulations, conveyancing solicitors are duty bound to ascertain not only the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may lead to your solicitor cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Should my lawyer be asking questions about flooding as part of the conveyancing in Whittlesey.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Whittlesey. Plenty of people will purchase a property in Whittlesey, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not best placed to impart advice on flood risk, but there are a number of checks that may be initiated by the purchaser or by their lawyers which can give them a better understanding of the risks in Whittlesey. The conventional set of information given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the owner to find out if the property has historically flooded. If the property has been flooded in past and is not notified by the owner, then a purchaser may commence a legal claim for losses as a result of such an misleading reply. A purchaser’s lawyers will also carry out an enviro search. This will reveal whether there is any known flood risk. If so, additional inquiries should be carried out.
Over the last few months I have been searching for a flat up to £305k and identified one near me in Whittlesey I like with open areas and transport links nearby, however it's only got 49 remaining years left on the lease. There is not much else in Whittlesey suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan that many years will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
In my capacity as executor for the will of my grandmother I am selling a house in Newport but reside in Whittlesey. My conveyancer (who is 200 kilometers awayhas requested that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Whittlesey to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in Whittlesey
I am buying a garden apartment in Whittlesey. Conveyancing solicitor is awaiting, from the vendor, building insurance documents. I was told today I was informed that the owner needs to forward the insurance documents for the flat above in addition. Why would my conveyancing practitioner need to see the insurance for the other flat? Is it strictly required? We have been waiting for the last fortnight…
It is not unheard of in leasehold conveyancing in Whittlesey to find Conveyancing in Whittlesey in a minority of cases reveals that the lease obliges the tenant's to insure their individual flats as opposed to the freeholder insuring the entire property - which is definitely preferable. Do contact your conveyancer but it would seem that your property lawyer is seeking to establish that the complete building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt as a result of lack of insurance.