My partner’s mother is a solicitor. I expect that I will receive mate’s pricing for conveyancing, However if that does not come through, what kind of fees would I typically be looking at for conveyancing in Ferring?
Do compare pricing. Make use of our search tool on this site. The charges seem to be different but service levels do differ between solicitors as is the case with the vast majority of professional services.
What does my ID and proof of funds have anything to do with my conveyancing in Ferring? Is this really necessary?
Ferring conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).
Evidence of the origin of funds is also required under the money laundering statutes as lawyers have a duty to investigate that the funds you are utilising 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 an inheritance) as opposed to the product of criminal activity.
This question may be naive but I am new to the home buying as FTB of a two bedroom flat in Ferring. Do I pick up the keys to the property on the completion date from my lawyer? If so, I will find a High Street conveyancing solicitor in Ferring?
On the day of completion you will not be required to attend the conveyancers office in Ferring. Your solicitors will arrange to send the completion advance to the seller's conveyancers, and once they have received this, you should be invited to receive the keys from the Estate Agents and start moving into the property. Usually this occurs early afternoon.
I'm at the point of looking at flats in Ferring and I am now considering a potential offer. Is it too early to have a solicitor in place? I will be getting a home loan with UBS.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. Given that you are seeking a mortgage with UBS, ask your prospective lawyers if they are on the UBS conveyancing panel otherwise they can't do the mortgage legal work.
It is unclear whether my bank requires a lease extension. I have called my Ferring building society branch on a couple of occasions and was informed it wasn't a problem and they would lend. My Ferring conveyancing solicitor - who is on the lender conveyancing panel- called and was told they refuse to lend based on their specific requirements. I simply don't know who is right.
Provided that the conveyancing practitioner is on the mortgage company panel, they must adhere to the CML Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Ferring is where the house is located. Can you shed any light on this issue?
Flying freeholds in Ferring are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ferring you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ferring may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
As co-executor for the will of my aunt I am disposing of a property in Monmouth but reside in Ferring. My lawyer (approximately 260 kilometers awayrequires that I sign a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Ferring to witness this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are Ferring based