In what way does my ID and proof of funds have anything to do with my conveyancing in Sneyd Park? What am I being asked for?

Sneyd Park conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to provide two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).

Confirmation of source of monies is also required in compliance with the money laundering laws as conveyancers are duty bound to ensure that the money you are utilising to purchase a property (whether it be the deposit for exchange or the full purchase amount if you are a cash purchaser) has come from a reputable source (such as an inheritance) as opposed to the product of criminal behaviour.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Sneyd Park?

Two types of professional can perform conveyancing in Sneyd Park namely CLC regulated conveyancers or solicitors. Both professionals handle the legal services that you need to complete the sale or purchase of property. They are both duty bound to conduct Sneyd Park conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be properly carried out and that all requisite procedures will be suitably taken.

I just bought a flat at auction in Sneyd Park. Conveyancing is required. What are my next steps?

Given that you are now legally bound yourself to purchase you now have to appoint a conveyancing solicitor soon as you are facing a fast approaching deadline in which to complete the deal. Every auction property should have an associated legal pack. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the legal papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You must pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that you have funds organised to complete the transaction on the set completion date.

I am the single recipient of my late mum's estate with all property in now in my sole name, including the house in Sneyd Park. The Sneyd Park property was put into my name in June. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship will be treated the same way as though I had purchased the property in June. Will no one buy the property for half a year?

The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. many banks would take a sensible view as this provision principally exists to pick up on the purchase and immediately sell or the wholesaling and assigning of property.

I'm buying my first flat in Sneyd Park benefiting from help to buy. The developers refused to move on the amount so I negotiated £7000 of additionals instead. The sale representative suggested that I not reveal to my conveyancer about this extras as it would put at risk my loan with Clydesdale. Should I keep quiet?.

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 property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Sneyd Park is where the house is located. What do you suggest?

Flying freeholds in Sneyd Park are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Sneyd Park you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sneyd Park may ascertain 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 premises.

My conveyancing in Sneyd Park is completing on Friday, yet the person I am purchasing off has asked to vacate 24 hours later at noon. Should I agree to such a idea?

If you need a loan then your solicitor will demand that you have vacant possession on Friday - the bank will compel it.