What does my ID and proof of funds have anything to do with my conveyancing in Pontarddulais? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Pontarddulais. Nowadays you can not proceed with any conveyancing process if you have not submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are providing your driving licence as evidence of identification it needs to be both the paper part as well as the photo card part, one is not sufficient in the absence of the other.
Evidence of the source of funds is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer must have this information on record. Your Pontarddulais conveyancing lawyer will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask further questions concerning the origin of monies.
It has been five months since my purchase conveyancing in Pontarddulais took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one close by in Pontarddulais I like with open areas and station in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Pontarddulais for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I was recommended by a number of selling agents in Pontarddulais to get a quote from a solicitor on your site. Is there a financial upside for Estate Agents to offer your services over and above alternative conveyancing organisations?
We refuse to give any referral fee for directing people our way. We thought it would be too underhand a fee as home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am searching for Pontarddulais conveyancing quotes online. Can I be confident that all the Pontarddulais firms that are identified on your site are on the bank conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Pontarddulais firm being on the mortgage company conveyancing panel is incorrect.