I plan on buying property in Woodbury. My Solicitor has never been on on the lender solicitor list. Am I still permitted to use my Woodbury conveyancing solicitor notwithstanding that they are not on the mortgage company approved list?
You will need to use a lawyer to deal with the formalities when you take out a loan to purchase your home. They will carry out all the necessary due diligence on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage paperwork is in place. One can instruct a Woodbury conveyancing practitioner of your choosing. However, if the property lawyer selected is not a member of the mortgage company solicitor panel additional fees will be levied as separate legal representation will be need by the bank. Lender panel applications may be submitted, so provided your conveyancer has not in the past sought membership they should take the chance to apply.
In what way does my ID and proof of funds have anything to do with my conveyancing in Woodbury? Is this really warranted?
You are right in these requests have nothing to do with conveyancing in Woodbury. Nowadays you can not proceed with any conveyancing transaction if you have not submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Remember if you are supplying your driving licence as proof of ID it needs to be both the paper part as well as the photo card part, one is not satisfactory without the other.
Evidence of the source of money is mandated in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer will need to have this information on file. Your Woodbury conveyancing solicitor will require evidence of proof of funds prior to accepting any money from you into their client account and they may also ask further queries concerning the source of funds.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a property in Woodbury? or I am told that there is a law dating back centuries that could mean that owners of property living in a parish church boundary will be compelled to pay for repairs to the chancel within the church. Is this a legitimate concern for conveyancing in Woodbury?
Unless a previous acquisition of the premises completed after 12 October 2013 you can take it that conveyancing practitioners delivering conveyancing in Woodbury to remain recommending a chancel search and or chancel repair liability policy.
I have justbeen informed that Arc property Solicitors have closed. They conducted my conveyancing in Woodbury for a purchase of a freehold house 10 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Woodbury conveyancing specialists.
I am purchasing a new build house in Woodbury with a loan from Nationwide Building Society. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not reveal to my lawyer about this deal as it would affect my loan with Nationwide Building Society. Should I keep quiet?.
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.
What does commercial conveyancing in Woodbury cover?
Woodbury conveyancing for business premises incorporates a broad range of guidance, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.