What does my ID and proof of funds have anything to do with my conveyancing in Wooburn Green? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Wooburn Green. Nowadays 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 as well as a bank statement. Please note that if you are supplying your driving licence as evidence of ID it must be both the paper element as well as the photo card part, one is not satisfactory without the other.
Proof of the source of money is necessary under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer must retain this information on file. Your Wooburn Green conveyancing lawyer will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask additional queries regarding the source of monies.
My solicitor has informed me that lack of right of way insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Wooburn Green?
The right level of lack of right of way indemnity insurance should be dictated by who your lender. It would differ for example between Halifax and Chelsea Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
Can I be sure that the Wooburn Green conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Wooburn Green seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your conveyancing.
My wife and I are in the throws of viewing apartments in Wooburn Green and I am now considering a potential offer. Is it advisable to have my conveyancer on ‘stand by’? I am planning to take a mortgage with Clydesdale.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are getting a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
My wife and I own a terraced Edwardian property in Wooburn Green. Conveyancing practitioner acted for me and Yorkshire Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wooburn Green and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing lawyer who carried out the work.
Due to the advice of my in-laws I had a survey completed on a property in Wooburn Green in advance of instructing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend refuse to grant a mortgage on such a property.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wooburn Green. Conveyancing may be slightly more expensive based on your lender's requirements.
What tools are available to locate a Wooburn Green law firm on the Yorkshire Building Society conveyancing panel? I have wheels and am prepared to travel upto 20miles to meet the lawyer.
Feel free to make use of the tool on this page. Please select a lender and your location and you will see a number of Wooburn Green conveyancing lawyers based on proximity. We have detailed some Wooburn Green conveyancing firms at the bottom of this page and you can contact them to see if they are on the Yorkshire Building Society member panel