In what way does my ID and proof of funds have anything to do with my conveyancing in Broadstone? Is this really necessary?
Broadstone conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Evidence of source of monies is also necessary under the money laundering regulations as solicitors have a duty to check that the money you are utilising to acquire a property (be it the exchange deposit or the full purchase price where you are buying without a mortgage) has come from legitimate source (such as employment savings) as opposed to the product of illegitimate activity.
Do I need to take out insurance to cover chancel repairs when acquiring a property in Broadstone?
Unless a prior acquisition of the premises completed post 12 October 2013 you could expect conveyancing practitioners delivering conveyancing in Broadstone to remain encouraging a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly identified as part of conveyancing in Broadstone?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Broadstone. 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…’
Due to the input of my in-laws I had a survey completed on a property in Broadstone prior to retaining lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some banks tend refuse to issue a mortgage on this type of home.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Broadstone. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Broadstone to see if the conveyancing will be more expensive.
I'm remortgaging my current property to a BTL loan with Chelsea Building Society and intend to use the remaining equity as a down payment on a second house. The area we are talking about is Broadstone. Will your conveyancers be able to act for both sets of lenders and tie in the two deals?
Make use of our comparison tool on this site to ensure that the lawyers are approved by both lenders. Having checked that they are the lawyer should be able to connect the two conveyancing matters but you should have a chat with you conveyancer and communicate your expectations and needs.