In what way does my ID and proof of funds have anything to do with my conveyancing in Barnstaple? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Barnstaple. However these days you can not complete any conveyancing transaction without first handing over evidence of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are supplying your driving licence as proof of identification it needs to be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.
Verification of the source of monies is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer must retain this information on record. Your Barnstaple conveyancing solicitor will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask additional questions concerning the origin of funds.
I am buying a semi-detached house in Barnstaple. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Barnstaple you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Barnstaple.
Are there restrictive covenants that are commonly identified as part of conveyancing in Barnstaple?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Barnstaple. 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…’
Just had an offer accepted on a new build flat in Barnstaple. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Barnstaple
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
We're first time buyers - had an offer accepted, yet the estate agent told us that the owners will only issue a contract if we appoint the agent's chosen solicitors as they want a ‘quick sale’. My instinct tells me that we should use a family solicitor accustomed to conveyancing in Barnstaple
It is improbable the vendors are driving this. If they desire ‘a quick sale', turning down a serious purchaser is counter productive. Speak to the owners direct and explain that (a)you are genuine purchasers (b)you are ready to go, with finances in place © you are unencumbered (d) you intend to proceed fast (e)however you will continue to appoint your own,trusted Barnstaple conveyancing solicitors - not the ones that will provide their estate agent a referral fee or hit his conveyancing thresholds pre-set by corporate headquarters.