What does my ID and proof of funds have anything to do with my conveyancing in Balby? What am I being asked for?
Balby conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill no more than three months).
Evidence of the origin of funds is also necessary under the money laundering laws as lawyers are duty bound to ensure that the monies you are utilising to acquire a property (whether it be the deposit for exchange or the full purchase price where you are buying without a mortgage) has come from an acceptable source (such as an inheritance) and is not the proceeds of criminal behaviour.
I just acquired a property at auction in Balby. Conveyancing is needed. What is next?
Now that you have legally bound yourself to purchase you should find a conveyancing solicitor soon as you are facing a fast approaching a fixed date to complete the conveyancing. Every auction property will ordinarily have a bespoke auction pack. This will include evidence of title and search results. In the case of leasehold premises the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to leasehold premises. You need to pass this on to the lawyer instructed by you at the earliest opportunity. Do make sure that your finances are organised to complete on the on the contractual date .
is it true that all Balby solicitors on the Virgin Money conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Virgin Money conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Some lenders do permit licenced conveyancers on their panel and in that case the organisation would be governed by the CLC.
I am selling my flat. I had a double glazing fitted in September 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Leeds Building Society are being problematic. The Balby solicitor who is on the Leeds Building Society conveyancing panel is recommending indemnity insurance as a solution but Leeds Building Society are insisting on a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need this when buying a house in Balby? or Apparently there is historic law that could mean that house owners living in a parish church boundary may be liable to pay for maintenance to the chancel in proximity to the church. Is this relevant for conveyancing in Balby?
Unless a previous purchase of the property completed post 12 October 2013 you can assume that solicitors conducting conveyancing in Balby to continue to propose a a chancel search and or chancel repair liability policy.
I decided to have a survey completed on a property in Balby ahead of retaining conveyancers. I have been told that there is a flying freehold element to the house. The surveyor has said that some lenders will refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Balby. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Balby to see if the conveyancing will be more expensive.
How do I locate a Balby law firm on the Yorkshire Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 20kilometers to meet the solicitor.
Feel free to make use of the facility on this page. Please pick a bank and your location and you will see a number of Balby conveyancing lawyers based on proximity. We have detailed some Balby conveyancing firms towards the end of this page and you can telephone them to verify if they are on the Yorkshire Building Society member panel