In what way does my ID and proof of funds have anything to do with my conveyancing in Cottingham? Why is this being asked of me?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Cottingham. Nowadays you will not be able to complete any conveyancing process in the absence supplying evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are supplying your driving licence as evidence of identification it must be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of your source of funds is required in accordance with the Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancing solicitor must retain this information on record. Your Cottingham conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask further queries regarding the source of monies.
Have just purchased a probate house at auction in Cottingham. Conveyancing is necessary. What is next?
Having exchanged you now have to choose a conveyancing lawyer quickly as you are faced with a fast approaching deadline in which to complete the transaction. Every auction property will have a bespoke legal pack. This will include evidence of title and search results. In the case of leasehold property the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You should pass this on to the conveyancer instructed by you ASAP. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
Are all Cottingham Conveyancing Quality Solicitors on the Clydesdale conveyancing list of approved solicitors?
It is true that some lenders now use the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
The formalities of my purchase has taken place for my property in Cottingham. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I'm purchasing my first flat in Cottingham with the aid of help to buy. The sellers would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not to tell my conveyancer about this deal as it would impact my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the encouragement of my in-laws I had a survey completed on a house in Cottingham before retaining solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some banks may not grant a mortgage on this type of house.
It varies from the lender to lender. Santander has different instructions from Halifax. If you e-mail us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cottingham. Conveyancing will be smoother if you use a solicitor in Cottingham especially if they are familiar with such properties in Cottingham.
Are the Cottingham conveyancing lawyers identified as being on the bank conveyancing panel, together with their details provided by the mortgage company?
Cottingham law firm practices and firms conducting conveyancing in Cottingham themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the lender directly.