What does my ID and proof of funds have anything to do with my conveyancing in Hainault? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Hainault. Nowadays you will not be able to complete any conveyancing deal without first supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a utility bill. Remember if you are supplying your driving licence as proof of ID it must be both the paper part and photo card part, one is not acceptable in the absence of the other.
Evidence of the source of monies is required in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor will need to retain this information on record. Your Hainault conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further queries concerning the origin of funds.
I require quick conveyancing in Hainault as I am under a deadline to sign on the dotted line within one month. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are not taking a home loan you have the choice not to do searches although no solicitor would suggest that you don't. Drawing on our experience of conveyancing in Hainault the following are examples of issues that can be revealed and therefore affect future mortgageability: Enforcement Notices, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
It has been 4 months since my purchase conveyancing in Hainault concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Hainault differ for new build properties?
Most buyers of new build residence in Hainault come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because builders in Hainault typically purchase the real estate, 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 used to new build conveyancing in Hainault or who has acted in the same development.
Are the Hainault conveyancing lawyers identified as being on the bank conveyancing panel, together with their details provided by the bank?
Hainault law firm practices and firms conducting conveyancing in Hainault themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the lender directly.