In what way does my ID and proof of funds have anything to do with my conveyancing in Abersoch? Why is this being asked of me?

You are right in these requests have nothing to do with conveyancing in Abersoch. However these days you will not be able to complete any conveyancing process in the absence providing evidence of your identity. Ordinarily this 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 proof of ID it must be both the paper section and photo card part, one is not sufficient in the absence of the other.

Evidence of the origin of monies is required under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer will need to retain this information on file. Your Abersoch conveyancing practitioner will require evidence of proof of funds prior to accepting any money from you into their client account and they should also ask further questions regarding the source of funds.

We are buying a 4 bedroom semi-detached house in Abersoch. We would like to carry out an extension to the side at the house.Will the conveyancing process involve investigations to see if these works were previously refused?

Your property lawyer should check the deeds as conveyancing in Abersoch can on occasion reveal restrictions in the title documents which prevent certain alterations or require the consent of a 3rd party. Some extensions need local authority planning permissions and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these things with a surveyor prior to committing yourself to a purchase.

is it true that all Abersoch solicitors on the Kent Reliance conveyancing panel are governed by the Solicitors Regulatory Authority?

As solicitors, in order to be on the Kent Reliance approved list of solicitors they would need to be regulated by the SRA. Many banks do permit licenced conveyancers on their panel and in such a situation the practice would be overseen by the Council of Licensed Conveyancers.

Co-operative have agreed my home loan in principle, my bid on a apartment in Abersoch has been agreed to, now what?

The estate agent will wish to be informed of your conveyancer's details (make sure the property lawyers are on the lender’s approved list). Telephone Co-operative or the financial adviser and finish off any appropriate documentation. Co-operative will appoint a valuer who will get in touch with the selling agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. Co-operative will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Abersoch.

Are there restrictive covenants that are commonly picked up during conveyancing in Abersoch?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Abersoch. 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…’

How does conveyancing in Abersoch differ for newly converted properties?

Most buyers of new build or newly converted property in Abersoch approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Abersoch usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Abersoch or who has acted in the same development.

Should I cancel my mortgage payments with Nationwide as soon as a completion date for my home sale in Abersoch has been agreed?

No, you must keep paying any mortgage payments to Nationwide pending the mortgage being redeemed on completion as part of your Abersoch conveyancing.