In what way does my ID and proof of funds have anything to do with my conveyancing in Disley? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Client Care letter that you are required to sign will no doubt reaffirm this. Your lender will also require certain documents to be viewed. Where you refuse to provide ID verification documents, your solicitor would not be able to accept instructions from you.
What can a local search inform me about the house my wife and I buying in Disley?
Disley conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations such as Onsearch The local search is essential in every Disley conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
How does conveyancing in Disley differ for new build properties?
Most buyers of new build residence in Disley contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Disley tend to purchase the site, 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 property lawyers 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 accustomed to new build conveyancing in Disley or who has acted in the same development.
I have been on the look out for a flat up to £195,000 and found one close by in Disley I like with open areas and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Disley suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the shortness of the lease will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
My husband and I are disposing of a Disley flat we inherited six years ago in 2012. I have over twenty years conveyancing knowledge and, although retired, see no reason not to conduct the conveyancing. The buyer's lawyer has informed me that their mortgage company will not allow you to do your own conveyancing mandating that the funds to be transferred to a solicitor's bank account.
Mortgage instructions to conveyancing practitioners from all mainstream lenders specify that If the seller is not legally represented the borrower's lawyers should check whether the lender needs to be informed so that a decision can be made if they are willing to move forward.