In what way does my ID and proof of funds have anything to do with my conveyancing in Comberton? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with before they can accept their conveyancing instruction. The Terms of Engagement that you need to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you are unwilling to provide identification documents, your solicitor would not be able to act for you.
I am buying a right to buy a flat in Comberton. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Comberton you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Comberton.
2 months have elapsed following my purchase conveyancing in Comberton concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 premises 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.
How do I use the search app to choose a conveyancing practitioner in Comberton on the approved list for my lender?
1st choose a lender such as HSBC Bank, Coventry Building Society or TSB then specify your location e.g. Comberton. Conveyancing practices in Comberton and nationally will then be identified.
22 days into a sale of a flat in Comberton. Conveyancing lawyers are doing their job but we are being charged an extortionate amount from the freeholder. To date we have issued a cheque for £237 for a leasehold management pack and then another £134.40 for additional questions supplied by the buyers conveyancer.
Neither you or your lawyer will have any impact over the level of the bill for this information however the typical fee for the information for Comberton leasehold property is £380. For Comberton conveyancing deals it is standard for the owner to pay for these costs. The landlord or their agents are not duty bound to answer these questions although many will agree to do so - albeit often at high prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires capped fees for administrative tasks. There is no prescriptive time frame by which they are required to supply the information.