In what way does my ID and proof of funds have anything to do with my conveyancing in Hartlebury? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Hartlebury. Nowadays you will not be able to proceed with any conveyancing transaction in the absence handing over evidence of your identity. This usually takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are providing your driving licence as evidence of ID it needs to be both the paper section and photo card part, one is not acceptable in the absence of the other.
Verification of your origin of funds is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor must have this information on file. Your Hartlebury conveyancing lawyer will require evidence of proof of funds prior to accepting any money from you into their client account and they should also ask additional questions regarding the source of funds.
Are there restrictive covenants that are commonly identified during conveyancing in Hartlebury?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Hartlebury. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the guidance of my in-laws I had a survey completed on a property in Hartlebury in advance of appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some banks tend not grant a loan on such a home.
It varies from the lender to lender. Santander has different instructions from Halifax. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hartlebury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hartlebury to see if the conveyancing will be more expensive.
Should I appoint a Hartlebury conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can execute the legal formalities but they are based 400miles drive away.
The benefit of a local Hartlebury conveyancing practice is that you can visit the firm to execute paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. However it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and on the whole were happy that should trump using an unknown Hartlebury conveyancing lawyer just because they are Hartlebury based.
I recently discovered that one of the directors of the law firm undertaking the purchase conveyancing in Hartlebury is an uncle of the vendor. Is this permitted?
Provided there is no conflict of interest this should be fine. Where you are requiring mortgage finance then the bank may have a say as many lenders have specific requirements concerning this. For example for HSBC as of 12/7/2019, the requirements read as follows :