I am due to exchange buying a property in Umberleigh but as a consequence of damage from the recent storms I have managed to agree recompense from the owner of £2k in the form of a adjustment in the price. I had intended this to be addressed as part of a side agreement but Yorkshire BS are not allowing this. Why were they involved?
Any conveyancer being on the Yorkshire BS conveyancing panel is duty bound to advise Yorkshire BS of any variations to the purchase price. If you were to refuse your solicitor to disclose the price change to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new conveyancing practitioner for your conveyancing in Umberleigh.
In what way does my ID and proof of funds have anything to do with my conveyancing in Umberleigh? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Umberleigh. However these days you will not be able to proceed with any conveyancing process if you have not providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are supplying your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable in the absence of the other.
Proof of your source of funds is necessary in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer must retain this information on file. Your Umberleigh conveyancing solicitor will require evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask additional queries regarding the source of monies.
What will a local search reveal concerning the house my wife and I purchasing in Umberleigh?
Umberleigh conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance PSG The local search plays an important part in many a Umberleigh conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the property (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.
Due to the advice of my in-laws I had a survey completed on a property in Umberleigh in advance of retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some banks will not grant a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Umberleigh. Conveyancing will be smoother if you use a solicitor in Umberleigh especially if they are accustomed to such properties in Umberleigh.
Whilst your website is a good idea there are many lawyers listed near Umberleigh being on the lender conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the bank approved panel?
We are not in the business of recommending one firm above another as the right Umberleigh conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Umberleigh knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..