In what way does my ID and proof of funds have anything to do with my conveyancing in Keighley? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms of Engagement that you are required to sign will no doubt reaffirm this. Your lender will also require certain documents to be checked. Where you are unwilling to supply identification documents, your lawyer will not be able to take you on as a client.
The Keighley conveyancing solicitors that I appointed last week on my house acquisition in Keighley have without warning closed. I chose them because I had to have a solicitor on the Santander conveyancing panel and my previous Keighley lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What do I do now?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Santander conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
I have decided to exercise my right to buy my property in Keighley off the council. I have a mortgage agreed with Kent Reliance. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
About to purchase flat in Keighley. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Keighley conveyancing practitioner is on the Leeds Building Society conveyancing panel.
At last I have had an offer on a flat in Keighley agreed to, the sellers do however have a connected purchase. The vendors have offered on a property, but it’s not yet tied up, and have viewings of other apartments booked. I have selected a high street conveyancing solicitor in Keighley. What do I do now? When should I get the mortgage application with Leeds Building Society going?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of one thousand pounds, then survey, Keighley conveyancing search fees, etc). The first thing to do is ensure that your conveyancer is on the Leeds Building Society conveyancing panel. Regarding the next steps this very much depends on the specifics of your case, desire for this property and on the state of the market. During a buoyant market some purchasers would apply for a home loan with Leeds Building Society and arrange for the valuation and only if it comes back ok would they pay their solicitor to move forward with the conveyancing in Keighley.
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Keighley I like with open areas and transport links nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in Keighley for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan the shortness of the lease may be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Hoping to buy a property located in Keighley and I am already nervous. I couldn't find anything specific about Keighley. Conveyancing will be needed in due course but do you know about the Keighley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Keighley. In the meantime here are some basic statistics that we found