In what way does my ID and proof of funds have anything to do with my conveyancing in Swansea East? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with before they can accept their conveyancing retainer. The Terms of Engagement that you are required to sign will no doubt stipulate this. Your lender will also require certain documents to be viewed. Where you refuse to supply ID verification documents, your lawyer can not take you on as a client.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Swansea East. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Coventry BS will require that you use a conveyancer on the Coventry BS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Coventry BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Coventry BS mortgage is registered as a charge at the Land Registry.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Swansea East is the location of the property. Can you shed any light on this issue?
Flying freeholds in Swansea East are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Swansea East you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Swansea East may determine 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.
I'm remortgaging my current home to a BTL mortgage with Alliance & Leicester and I will use the ballance of the raised equity as a down payment on another house. The location we are talking about is Swansea East. Will your solicitors be able to act for both sets of lenders and tie in the two deals?
Do use our comparison tool on this site to check that the solicitors are approved by both lenders. Having checked that they are your conveyancer should be able to connect the two transactions but you should have a chat with you solicitor and make apparent your expectations and requirements.
Would local authority consent be needed to split a single dwelling into a couple of appartments in Swansea East? This has occurred to a house opposite to a friend in Swansea East and was ignorant of the conversion until after the works were complete.
Planning Permission yes. Building Reg Approval yes.