In what way does my ID and proof of funds have anything to do with my conveyancing in Overton? What am I being asked for?
Overton conveyancing solicitors and indeed property lawyers throughout the UK have a duty under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).
Evidence of the origin of funds is also required in accordance with the money laundering laws as conveyancers are duty bound to check that the funds you are using to acquire a property (be it the exchange deposit or the full purchase monies if you are buying without a mortgage) has come from a reputable source (such as an inheritance) as opposed to the proceeds of illegitimate behaviour.
My brother-in-law has suggested I instruct a conveyancing solicitor in Overton. I need to find out if they are accepted on the Norwich and Peterborough Building Society conveyancing panel. Can you assist?
You should phone the conveyancer and ask them if they can act for the bank. Alternatively you can get in touch with Norwich and Peterborough Building Society who may be able to confirm.
I own a terraced Georgian property in Overton. Conveyancing solicitor acted for me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Overton and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing solicitor who conducted the purchase.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Overton is where the house is located. Can you offer any opinion?
Flying freeholds in Overton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Overton you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Overton may decide 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 premises.
I am looking into buying my first house which is in Overton and I am already nervous. I couldn't find anything specific about Overton. Conveyancing will be needed in due course but do you know about the Overton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Overton. In the meantime here are some basic statistics that we found