I am expecting a offer of a home loan from Nat West. I hope to retain the legal services of a Licensed Conveyancer in Flackwell Heath. Does the Nat West Conveyancing panel allow for conveyancers regulated by the CLC?

The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.

In what way does my ID and proof of funds have anything to do with my conveyancing in Flackwell Heath? Is this really necessary?

In order to comply with Money Laundering Regulations any Flackwell Heath conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account showing where you live.

In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to check not simply the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers will have an obligation to notify the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.

Given that I am about to part with over three hundred thousand on a terraced house in Flackwell Heath I wish to have a conversation with the conveyancer about myconveyancing in advance of instructing the firm. Is this something that you can arrange?

This is something that we encourage - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor who will be carrying out your property ownership legalities in Flackwell Heath.There is no ‘factory style conveyancing’ - every client is unique individual, not a case reference. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Flackwell Heath should be the amount on the final invoice that you are charged.

I am on look out for some leasehold conveyancing in Flackwell Heath. Before diving in I want to be sure as to the number of years remaining on the lease.

If the lease is registered - and almost all are in Flackwell Heath - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Flackwell Heath Leasehold Conveyancing - Examples of Questions you should ask before buying

This question is important as a) areas may result in problems in the building as the common areas may start to deteriorate where repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will wish to have all the details The prefered form of lease structure is a share of the freehold. In this scenario the tenants benefit from control and although a managing agent is frequently retained if the building is bigger than a house conversion, the managing agent is directed by the tenants. Is there a share of the freehold?

I have miscalculated my finances and am a few thousand pounds short a 10% deposit on my house purchase in Flackwell Heath , but I am keen go ahead. What can I do?

You can agree a smaller deposit. Most vendors will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second