In what way does my ID and proof of funds have anything to do with my conveyancing in Kinver? Is this really necessary?
Kinver conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Confirmation of the origin of monies is also necessary under the money laundering laws as conveyancers have a duty to ensure that the monies you are using to purchase a property (be it the exchange deposit or the total purchase price where you are buying without a mortgage) has originated from an acceptable source (such as an inheritance) and is not the product of illegitimate activity.
A colleague suggested that where I am purchasing in Kinver I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Kinver conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Kinver around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Kinver Education with plans and statistics, Local Amenities and other useful information concerning Kinver.
The deeds to my house can not be found. The conveyancers who dealt with the conveyancing in Kinver 5 years ago have long since closed. What are my options?
Nowadays there are copies made of almost everything, and your conveyancer should be aware precisely where to find all the suitable paperwork so you may buy or dispose of your property without a hitch. Where duplicates are not available, your conveyancer can put in place insurance or indemnities against possible claims on the property.
I decided to have a survey carried out on a property in Kinver in advance of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some lenders tend not grant a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kinver. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kinver to see if the conveyancing costs will increase in light of this.
We had our home loan agreed in principle on Tuesday with our bank. We appointed a long established conveyancer in Kinver yesterday. Today, our financial adviser called to say that the lender said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the mortgage company had a say Is this permitted?
You are at liberty to use any conveyancing solicitor you want to instruct including the said conveyancer in Kinver but if your lender aren't happy with them you must fork out additional cost so the mortgage company can instruct their own lawyers. sometimes it is conceivable that your solicitor may apply to get included on to the bank list of approved firms. You can use online search facilities such as lenderpanel.com to find a conveyancing solcitor in Kinver on the bank panel. You can go into your local lender branch in Kinver. They can recommend conveyancing solicitors in Kinver on the panel for your mortgage company.