In what way does my ID and proof of funds have anything to do with my conveyancing in Preston Park? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with before they can accept their conveyancing retainer. The Terms of Engagement that you need to sign should confirm this. Your lender will also require certain documents to be checked. Where you are unwilling to supply ID verification documents, your conveyancer will not be able to take you on as a client.
This question may be naive but I am new to the home moving as FTB of a two bedroom flat in Preston Park. Do I collect the keys to the property on the completion date from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Preston Park?
On the day of completion you will not be required to attend the conveyancers office in Preston Park. Your solicitors will electronically transfer the completion advance to the vendor’s lawyers, and once they have received this, you will be able to receive the keys from the selling Agents and start moving into the property. Usually this occurs early afternoon.
A friend informed me that in purchasing a property in Preston Park there could be a number of restrictions prohibiting external changes to a property. Is this right?
There are anumerous of properties in Preston Park which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Preston Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am buying a terrace house in Preston Park. The intention is to convert the garage to a playroom at the house.Will legal due diligence on the property involve enquiries to ascertain if these works were previously refused?
Your conveyancer will review the registered title as conveyancing in Preston Park can on occasion identify restrictions in the title documents which restrict categories of changes or require the permission of another owner. Some additions require local authority planning consent and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be prudent to check these things with a surveyor before you commit yourself to a purchase.
I am buying my first flat in Preston Park benefiting from help to buy. The sellers refused to move on the price so I negotiated £7000 of additionals instead. The house builders rep told me not to tell my lawyer about the deal as it would put at risk my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
We're novice buyers - had an offer accepted, but the estate agent informed us that the owners will only go ahead if we appoint the agent's recommended conveyancers as they need a ‘quick sale’. We would rather use a high street solicitor accustomed to conveyancing in Preston Park
It is unlikely the sellers are behind this. Should the seller require ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Bypass the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you will continue to appoint your preferred Preston Park conveyancing solicitors - rather thanthe ones that will provide the negotiator at the agency a kickback or achieve conveyancing figures demanded by senior management.
What type of property do your Preston Park conveyancing quotes apply to?
Our conveyancing quotes are only relevant to standard domestic homes in England & Wales. If you have any different requirements such as industrial or agricultural land or commercial conveyancing in Preston Park please telephone us to discuss your requirements .