A mortgage agreement from NatWest for the refinancing of my single room garden flat is to be issued any day now. Are you able to suggest a cheap conveyancing lawyer in Retford?
This site is not designed to assist those in their quest for a cheap conveyancing solicitors in Retford. We can offer you cost effective conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing brokers enticing you with low cost conveyancing in Retford. Optimistically, in deciding on low cost conveyancing, you will get your money’s worth and at worst you will end up with a surprising uplift in additional fees and still not end up with the service you were looking for.
In what way does my ID and proof of funds have anything to do with my conveyancing in Retford? Why is this being asked of me?
Retford conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under money laundering regulations to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Confirmation of the origin of funds is also necessary in compliance with the money laundering laws as solicitors are duty bound to check that the monies you are utilising to acquire a property (be it the exchange deposit or the full purchase amount if you are buying without a mortgage) has originated from an acceptable source (such as employment savings) as opposed to the product of illegitimate activity.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Retford. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 5/12/2018, the requirements read as follows :
Due to the guidance of my in-laws I had a survey completed on a property in Retford ahead of retaining solicitors. I have been advised that there is a flying freehold element to the house. My surveyor has said that some banks will refuse to grant a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Retford. Conveyancing will be smoother if you use a solicitor in Retford especially if they are acquainted with such properties in Retford.
In what way does the Landlord & Tenant Act 1954 affect my commercial premises in Retford and how can your lawyers assist?
The 1954 Act affords a safeguard to business lessees, granting the legal entitlement to apply to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Retford