In what way does my ID and proof of funds have anything to do with my conveyancing in Bursledon? 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 Bursledon. However these days you can not complete any conveyancing process without first providing proof 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 ID it needs to be both the paper element as well as the photo card part, one is not acceptable without the other.
Verification of the origin of funds 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 Bursledon conveyancing lawyer will require evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask further questions regarding the source of monies.
My aunt passed away 10 months ago and as sole heir and executor I was left the house in Bursledon. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this allowed?
Where you plan to re-mortgage then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
I bought my apartment on 5 January and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Bursledon said it would be formalised inside ten days. Are titles in Bursledon particularly slow to register?
There is nothing unique when it comes to conveyancing in Bursledon registration formalities. Rather than based on location, timeframes can adjust subject to who lodges the application, whether it is in order and if the Land registry need to notify any third parties. At present roughly three quarters of submission are fully addressed in less than three weeks but some can be subject to longer delays. Historically registration occurs after the buyer is living at the premises so 'speed' is not always top priority yet if there is a degree of urgency associated with the registration then you or your solicitor should speak with the land registry and explain the circumstances.
I am looking into buying my first house which is in Bursledon and I am already nervous. I couldn't find anything specific about Bursledon. Conveyancing will be needed in due course but do you know about the Bursledon area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bursledon. In the meantime here are some basic statistics that we found
Me and my partner are planning to purchase a four room maisonettein Bursledon with a home loan from a lender. We have a solicitor in Bursledon but our mortgage company inform us now that he's not listed on their "panel". It seems we have little choice but to instruct from the our bank panel firms or keep our Bursledon conveyancer and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that our bank use our Bursledon lawyer?
No, not really. The mortgage company home loan offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank's conveyancing panel. Until recently, most lenders had open panels, including almost all conveyancing solicitors in Bursledon : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your bank.