In what way does my ID and proof of funds have anything to do with my conveyancing in Carterton? Is this really necessary?
Carterton conveyancing solicitors and indeed property lawyers throughout the UK have a duty under money laundering regulations to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement no older than three months).
Proof of the origin of funds is also required in compliance with the money laundering statutes as lawyers have a duty to check that the money you are using to purchase a property (whether it be the deposit for exchange or the total purchase monies where you are a cash purchaser) has originated from legitimate source (such as an inheritance) and is not the fruits of criminal behaviour.
My friend advised me that if I am purchasing in Carterton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Carterton conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Carterton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Carterton.
The deeds to our property can not be found. The conveyancers who handled the conveyancing in Carterton 10 years ago no longer exist. What do I do?
These day there are duplicates made of almost everything, and your lawyer will know precisely where to locate all the suitable paperwork so you can purchase or sell your house without any difficulty. Where duplicates can’t be located, your conveyancer can put in place insurance or indemnities protecting you against future claims on your premises.
How does conveyancing in Carterton differ for new build properties?
Most buyers of new build property in Carterton come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is built. This is because builders in Carterton usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Carterton or who has acted in the same development.
My father-in-law has recommend that I appoint his conveyancers in Carterton. Should I find my own solicitor?
No doubt the best way to choose a conveyancing solicitor is to get guidance from friends or family who have previously instructed the conveyancer you're are thinking of instructing.