I am in the throes of swapping over from my current residential mortgage to a BTL Coventry Building Society mortgage. I have been informed by my broker that I need a conveyancer as part of the process. I had a chat the same Hailsham conveyancing practitioner who dealt with the legals when I originally purchased the house. The fee calculation provided of just over five hundred pounds has taken me by surprise as its a remortgage than a sale or purchase.
The estimate does seem a tad overpriced. If you you were to look around you could trim some of the expense by as much as a hundred pounds. On the other hand, assuming were pleased with the assistance the firm gave you couldlive to regret opting for an a cheaper solicitor. If is important to ensure that the solicitor can also act for Coventry Building Society. Do employ our search tool to locate a Hailsham conveyancing firm on the Coventry Building Society approved list of lawyers, which can often include conveyancing solicitors in Hailsham.
In what way does my ID and proof of funds have anything to do with my conveyancing in Hailsham? Is this really warranted?
Hailsham conveyancing solicitors and indeed property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).
Confirmation of the origin of monies is also required in compliance with the money laundering regulations as lawyers have a duty to investigate that the money you are utilising to purchase a property (whether it be the deposit for exchange or the total purchase amount if you are buying mortgage free) has originated from an acceptable source (such as an inheritance) rather than the proceeds of criminal activity.
I am buying a new build house in Hailsham with a mortgage from TSB. The developers would not move on the price so I negotiated 6k of additionals instead. The house builders rep advised me not inform my solicitor about this side-deal as it may put at risk my mortgage with TSB. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How does the Landlord & Tenant Act 1954 impact my commercial premises in Hailsham and how can you help?
The particular law that you refer to gives protection to business tenants, granting the a statutory right to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Hailsham
We're novice buyers - had an offer accepted, yet the property agent informed us that the owners will only go ahead if we appoint the agent's chosen lawyers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a high street solicitor who is familiar with conveyancing in Hailsham
It is unlikely the owners are driving this. If they desire ‘a quick sale', alienating a motivated purchaser is going to damage their objectives. Speak to the vendors direct and explain that (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to use your own,trusted Hailsham conveyancing solicitors - not the ones that will give the estate agent a kickback or meet his conveyancing thresholds pre-set by senior management.