What does my ID and proof of funds have anything to do with my conveyancing in Powys? Is this really necessary?
You are right in these requests have nothing to do with conveyancing in Powys. Nowadays you will not be able to proceed with any conveyancing transaction if you have not providing proof of your identity. This usually takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are providing your driving licence as proof of identification it must be both the paper part and photo card part, one is not acceptable in the absence of the other.
Evidence of the origin of monies is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer must retain this information on file. Your Powys conveyancing solicitor will require evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask further queries concerning the source of monies.
4 months have gone by following my purchase conveyancing in Powys completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 asset 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.
How does conveyancing in Powys differ for new build properties?
Most buyers of new build property in Powys contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Powys typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Powys or who has acted in the same development.
I'm refinancing my primary home to a BTL loan with Yorkshire Building Society and intend to use the remaining equity as a down payment on another house. The neighborhood we are interested in is Powys. Will your solicitors be able to act for the two lenders and tie in the conveyances?
Do use our search tool on this page to ensure that the solicitors are approved by both lenders. On the basis that they are your solicitor should be able to connect the two deals but you should talk with you solicitor and make apparent your desired outcome and requirements.
My mum and dad are experiencing difficulties in finding their Powys property on the HMLR online search facility. They recall that back in the 60’s when they acquired the house there were complications with Powys not being identified on some systems.
Almost all premises in Powys should show up. Have you limited your search to simply the postcode. Ordinarily it should disclose all the properties within the postcode. Where recorded it will be there with a title number. Where they bought back in the 60’s it's conceivable it may be not yet registered. The address could still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title papers which may be with your parent’s bank.