What does my ID and proof of funds have anything to do with my conveyancing in Handforth? What am I being asked for?
In order to comply with Money Laundering Regulations any Handforth conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing where you live.
In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to ascertain not simply the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may lead to your solicitor ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I have a decision in principle. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to instruct a Handforth based conveyancing firm?
You should check but the chances are that appoint one of their panel conveyancers if you take up the "fee-free" incentive. Call the bank and explore if they allow a monetary alternative. Some banks have previously offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Handforth.
I have recentlydiscovered that Wolstenholmes have closed. They carried out my conveyancing in Handforth for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The quickest method to see if the premises is registered to you, 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 Handforth conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Handforth is the location of the property. Can you offer any advice?
Flying freeholds in Handforth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Handforth you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Handforth may ascertain 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.
My boyfriend is buying a shared ownership flat in Handforth. He was given a quote by the conveyancing practitioner recommended by the estate agents totaling £1275 . It was eight years ago since I sold and purchased a house and the fee was £500. Have charges really gone up that much?
You should contact a few local Handforth conveyancing firms requesting prices. It is advisable to base your decision not only on cost, but on promptness and on how comprehensive the response was.