Do the conveyancing solicitors via your comparison service handle conveyancing in Catton by way of an attended exchange?
We do have a number of conveyancing experts who can conduct personalised exchanges. Do contact us to receive a costs illustration and details as to availability.
What does my ID and proof of funds have anything to do with my conveyancing in Catton? Why is this being asked of me?
Catton conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under money laundering regulations to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement less than 3 months old).
Evidence of source of funds is also necessary under the money laundering regulations as conveyancers are obliged to check that the money you are using to buy a property (whether it be the deposit for exchange or the total purchase monies where you are a cash purchaser) has originated from a reputable source (such as employment savings) and is not the fruits of illegitimate activity.
I had intended to instruct a property lawyer in Catton for our house move. Our broker informed us that our bank Accord Mortgages Ltd won't deal with them. Why is this not regarded as unfair competition?
Pre- 2008 most lenders had an appetite for risk which was higher than today. Almost all Catton conveyancing firms would have been on most lender panels. The financial services regulator in 2010 conducted a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more information from law firms relating to their operations and their employees and set certain criteria such a completing on a minimum amount of conveyancing. Many Catton conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Catton is one of the hundreds of locations where the solicitors we recommend are are authorised to act for Accord Mortgages Ltd.
We are aiming to move house in June. Should my conveyancing solicitor call the removal company on the day of completion. As an aside, can you suggest a removal company in Catton. Conveyancing lawyer was organised prior to coming across this website.
On the day of completion you will need to pick up the house keys from the property agent however this should only be done when the vendors lawyers inform the agent that they have the completion monies and the keys can be collected. You will need to inform the removal men that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can assist you in finding a residential property solicitor in Catton or a firm with expertise in conveyancing in Catton.
My wife and I buying a victorian detached house in Catton. We would like to carry out an extension to the side at the property.Will legal conveyancing on the property involve checks to see if these works are permitted?
Your conveyancer will check the deeds as conveyancing in Catton will on occasion reveal restrictions in the title deeds which prevent categories of alterations or necessitated the permission of another owner. Some works require local authority planning permissions and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
I have been advised by my lawyer that breach of easement insurance is needed on my purchase. What is the level of cover for Catton conveyancing?
The appropriate level of breach of easement indemnity insurance depends on your lender. It would differ for example between Accord Mortgages Ltd and The Royal Bank of Scotland. Conveyancing lawyers as opposed to borrowers take out such policies.
I've recently bought a leasehold property in Catton. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Catton Leasehold Conveyancing - A selection of Queries Prior to buying
If a Catton lease has less than 80 years it will have adverse implications on the value of the property. Check with your lender that they are happy with residual term of the lease. Leases with less than 80 years remaining means that you will probably need a lease extension at some point and it is worth finding out what this will be. For most Cattonlease extensions you would need to own the residence for two years before you are entitled to carry out a lease extension. It is important to be aware if redecorating or some other significant cost is coming up that will be shared by the leaseholders and will dramatically increase the the maintenance costs or result in a specific payment.