In what way does my ID and proof of funds have anything to do with my conveyancing in Hazlemere? Why is this being asked of me?
Hazlemere conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under money laundering regulations to verify the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Confirmation of source of funds is also required under the money laundering regulations as lawyers are obliged to ensure that the monies you are utilising to acquire a property (be it the exchange deposit or the total purchase monies if you are a cash purchaser) has originated from legitimate source (such as employment savings) as opposed to the product of illegitimate behaviour.
My aunt passed away last year and as sole heir and executor I was left the house in Hazlemere. The house had a small mortgage left on it of around £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?
Given you plan to re-mortgage 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.
Have just purchased a repossessed house at auction in Hazlemere. Conveyancing is required. What is next?
Given that you have now legally bound yourself to purchase you must hire the services of a conveyancing practitioner soon as you now have a tight a fixed date to complete the property. All auction property will have a corresponding auction set of papers. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to leasehold premises. You should pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are in place to complete on the date specified in the contract.
Is it the case that all Hazlemere conveyancing solicitors on the Bank of Ireland conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Bank of Ireland approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. The majority of banks do allow licenced conveyancers on their panel and in such a situation the organisation would be governed by the Council of Licensed Conveyancers.
I am selling my house. I had a double glazing fitted in May 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Aldermore are being difficult. The Hazlemere solicitor who is on the Aldermore conveyancing panel is recommending indemnity insurance as a solution but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I need some expedited conveyancing in Hazlemere as I have a deadline to sign on the dotted line within 2 weeks. Thankfully I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not taking a home loan you are at liberty not to do searches although no law firm would recommend that you don't. With lots of history conveyancing in Hazlemere the following are examples of what can be revealed and therefore impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
I'm purchasing a new build house in Hazlemere with the aid of help to buy. The builders refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not to tell my conveyancer about the deal as it will impact my loan with the bank. Do I keep my lawyer in the dark?.
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.