In what way does my ID and proof of funds have anything to do with my conveyancing in Ashbourne? What am I being asked for?

You are right in these requests have nothing to do with conveyancing in Ashbourne. However these days you will not be able to proceed with any conveyancing transaction if you have not supplying proof 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 providing your driving licence as proof of identification it must be both the paper section and photo card part, one is not satisfactory without the other.

Verification of the origin of money is mandated in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor will need to retain this information on record. Your Ashbourne conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask further questions concerning the origin of monies.

Will my conveyancing lawyers need to check that the building insurance when buying a house in Ashbourne. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/7/2024, the requirements read as follows :

I am buying a new build house in Ashbourne with the aid of help to buy. The sellers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not reveal to my lawyer about the side-deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.

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.

Due to the encouragement of my in-laws I had a survey completed on a house in Ashbourne ahead of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies tend not issue a mortgage on a flying freehold home.

It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ashbourne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ashbourne to see if the conveyancing costs will increase in light of this.

Your search tool is useful but there are many lawyers listed near Ashbourne being on the lender conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our lender?

We do not recommend specific Ashbourne firms as the right Ashbourne conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Ashbourne knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..