In what way does my ID and proof of funds have anything to do with my conveyancing in Caversham Heights? Is this really warranted?
You are right in these requests have nothing to do with conveyancing in Caversham Heights. However these days you can not proceed with any conveyancing deal if you have not submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are providing your driving licence as evidence of identification it must be both the paper element as well as the photo card part, one is not acceptable in the absence of the other.
Proof of the source of money is mandated under Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer must have this information on record. Your Caversham Heights conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask additional queries regarding the origin of monies.
I am considering applying for a Principality mortgage for purchase of a newly converted (under development) in Caversham Heights with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
In theory, you could use a solicitor that is not on the Principality conveyancing panel, but Principality would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I require expedited conveyancing in Caversham Heights as I am under pressure to complete within one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you have the choice not to do searches although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Caversham Heights the following are instances of what can appear and therefore impact the marketability of the property: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
2 months have elapsed since my purchase conveyancing in Caversham Heights completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey completed on a house in Caversham Heights in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some lenders will not grant a loan on this type of property.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Caversham Heights. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Caversham Heights to see if the conveyancing costs will increase in light of this.