The lawyer who assisted with my former purchase has given a fee estimate £995 for freehold conveyancing in Halesowen. I’m selling a Victorian house for £150,000. This sounds expensive. Is it in excess of what I should be paying for conveyancing in Halesowen?
The estimate does seem a tad steep. If you are prepared to expend time comparing charges you could shave off some of the cost by say £125. That being said, you maylive to rue opting for an a cheaper conveyancer. If is important to be sure the solicitor can act for your bank. Do utilise our search tool to select a Halesowen conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Halesowen.
In what way does my ID and proof of funds have anything to do with my conveyancing in Halesowen? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Halesowen conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancers are duty bound to check not simply the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
My grandfather passed away last year and as sole heir and executor I was left the house in Halesowen. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Kent Reliance, pay off the mortgage. Is this possible?
Where you plan to refinance then Kent Reliance will insist on your using a conveyancer on the Kent Reliance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Kent Reliance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Kent Reliance mortgage is registered as a charge at the Land Registry.
I have todaybeen informed that Stirling Law have closed. They conducted my conveyancing in Halesowen for a purchase of a leasehold flat 10 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Halesowen conveyancing specialists.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Halesowen is the location of the property. Can you shed any light on this issue?
Flying freeholds in Halesowen 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 Halesowen you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Halesowen may determine 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 property.