I was notified recently by my financial adviser that my Sheldon the law firm I have appointed is not on the lender Solicitor panel. How can I check?
The sensible course of action for you to take is to contact your Sheldon conveyancer. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
I am buying a flat and require a conveyancing solicitor in Sheldon who is on the Birmingham Midshires solicitor. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Birmingham Midshires in certain locations such as Sheldon. We dont recommend any particular firm.
What does a local search reveal concerning the property my wife and I buying in Sheldon?
Sheldon conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search plays a central role in most Sheldon conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Sheldon I like with open areas and transport links in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Sheldon 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 mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may 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 with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
Much to my surprise my solicitor in Sheldon is asking me for proof of ID documents asserting that this is part of his requirements as a conveyancer on the bank Solicitor panel. Am I being spun a yarn?
Anti-terror and anti-money-laundering rules require Sheldon conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the mortgage company's UK Finance Lenders’ Handbook requirements