What does my ID and proof of funds have anything to do with my conveyancing in Stanmore? What am I being asked for?
Stanmore conveyancing solicitors and indeed property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill no more than three months).
Proof of source of monies is also required in compliance with the money laundering statutes as lawyers have a duty to ensure that the funds you are utilising to purchase a property (whether it be the deposit for exchange or the full purchase monies if you are a cash purchaser) has come from an acceptable source (such as employment savings) and is not the product of criminal activity.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a house in Stanmore?
Unless a prior acquisition of the property took place post 12 October 2013 you may assume that solicitors handling conveyancing in Stanmore to remain recommending a chancel search and or insurance against a claim.
I am buying a new build flat in Stanmore. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Stanmore
There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I'm remortgaging my current home to a buy to let mortgage with Virgin Money and I will use the rest of the raised equity as a deposit on a second property. The area we are talking about is Stanmore. Will your lawyers be able to act for the two lenders and tie in the conveyances?
Do use our search tool on this page to ensure that the lawyers are approved by both mortgage companies. Having checked that they are the solicitor should be able to tie up the two transactions but you should talk with you solicitor and make apparent your desired outcome and requirements.
We are 17 days into a residential purchase having been recommend to a firm by the local agent to carry out the conveyancing in Stanmore. We are not happy. Can you you assist me in finding new solicitors?
They would need to be very poor in order to consider diss instructing them. Has your loan offer been generated? In the event that it has you must inform them of the new lawyer and get the mortgage documents are issued to the new lawyers. Your conveyancer needs to be on the mortgage company panel to avoid supplemental expenses and complications. That should be your starting point. Our find a solicitor tool should help you find a bank approved lawyer for your home move in Stanmore