In what way does my ID and proof of funds have anything to do with my conveyancing in Wotton under Edge? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Wotton under Edge. Nowadays you can not complete any conveyancing transaction without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are supplying your driving licence as evidence of identification it must be both the paper element as well as the photo card part, one is not acceptable in the absence of the other.
Proof of the source of money is necessary under Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer must have this information on record. Your Wotton under Edge conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further questions concerning the origin of monies.
I am buying a victorian detached house in Wotton under Edge. The intention is to carry out a loft conversion at the property.Will the conveyancing process involve enquiries to see if these alterations are prohibited?
Your solicitor should check the deeds as conveyancing in Wotton under Edge will occasionally identify restrictions in the title deeds which prohibit categories of works or need the permission of another owner. Some extensions require local authority planning consent and approval in accordance building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
When it comes to lenders such as Barclays, do Wotton under Edge conveyancing practitioners face a yearly amount to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
We were going to get a OIP from TSB this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do TSB recommend any Wotton under Edge solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Wotton under Edge solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
I need some quick conveyancing in Wotton under Edge as I am under pressure to exchange contracts inside one month. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
As you are are a cash buyer you are at free not to do searches although no solicitor would recommend that you don't. With lots of history conveyancing in Wotton under Edge the following are instances of what can arise and therefore affect future mortgageability: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
Are there restrictive covenants that are commonly picked up during conveyancing in Wotton under Edge?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Wotton under Edge. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying a new build house in Wotton under Edge with the aid of help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not to tell my lawyer about the extras as it will jeopardize my loan with the lender. Is this normal?.
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 was pointed in your direction by a few estate agents in Wotton under Edge to select a solicitor using your seach tool. What’s the financial inducement for Estate Agents to promote your site rather than another?
We don’t make any referral fee for sending work to this site. We found it would be just too difficult to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.