What does my ID and proof of funds have anything to do with my conveyancing in Shillington? What am I being asked for?
Shillington conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement no older than three months).
Evidence of the origin of funds is also necessary under the money laundering laws as conveyancers are obliged to check that the funds you are using to acquire a property (whether it be the deposit for exchange or the total purchase monies where you are buying without a mortgage) has originated from legitimate source (such as an inheritance) and is not the fruits of illegitimate behaviour.
I am buying a new build house in Shillington benefiting from help to buy. The developers would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not inform my conveyancer about the deal as it may impact my loan with Platform Home Loans Ltd. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Shillington is where the house is located. What do you suggest?
Flying freeholds in Shillington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shillington you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shillington may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How do I identify a Shillington law firm on the Yorkshire Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the search on this page. Please select a bank and your location and you will see a number of Shillington conveyancing lawyers based on proximity. We have listed some Shillington conveyancing firms at the bottom of this page and you can call them to see if they are on the Yorkshire Building Society member panel
Myself and my fiance have recently had an offer agreed on a apartment and had meeting on Friday with HSBC for the mortgage. They warned us that when it comes to appointing a solicitor that unless they are on their approved panel of conveyancers then we will have to pay out an extra fee of about two hundred pounds. This is because they will then have to instruct a property lawyer to act for them in addition to the one we select for ourselves and we assume responsibility for their fees. I have requested HSBC to provide me with a list so I can request quotes only from their approved conveyancers but was told that I need to check with each individual conveyancer to see if they are on the panel. Is there a simple way of finding out who is on a lender panel?
You should ask HSBC what their criteria for joining their panel is for a solicitor.Thereafter ask the lawyer of your choice whether they fit that criteria and have they acted on mortgages for HSBC previously. Where the answer to those is yes, then just double check with HSBC. Alternatively please use our search tool and we should be able to find you a solicitor in Shillington on the approved list for HSBC.