What does my ID and proof of funds have anything to do with my conveyancing in Braintree? Why is this being asked of me?

It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Braintree. Nowadays you will not be able to complete any conveyancing transaction in the absence providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Please note that if you are providing your driving licence as proof of ID it needs to be both the paper part and photo card part, one is not acceptable without the other.

Verification of your source of money is necessary under Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer will need to retain this information on file. Your Braintree conveyancing practitioner will require 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 queries concerning the source of monies.

I am about to put a bid on a leasehold flat in Braintree. The property agents assure me that it is usual for flats in Braintree to have less than 75 years unexpired on the lease. I am expecting a mortgage with Bank of Ireland. Will the property be mortgageable given that the lease has 69 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/7/2024 the requirements read as follows :

What will a local search reveal concerning the house my wife and I buying in Braintree?

Braintree conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search plays a central role in most Braintree conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.

I am buying my first flat in Braintree with a loan from Accord Mortgages Ltd. The developers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not reveal to my solicitor about the side-deal as it will adversely affect my loan with Accord Mortgages Ltd. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer 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.

I am looking to sell my house. My past conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Braintree if that makes a difference.

You should use our search tool to help you find a solicitor for your conveyancing in Braintree. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.