Should lawyers request money on account for my conveyancing in Watford?
If you are buying a property in Watford your lawyer will ask you place them with funds to cover the search fees. Generally this is asked for to cover the fees of the conveyancing searches. If any down payment is as part of the purchase price then this will be asked for shortly before exchange of contracts. Any further balance that is due should be sent to your lawyer shortly before completion.
What can a local search inform me regarding the property I am buying in Watford?
Watford conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search company for example Searches UK The local search is essential in every Watford conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search should supply data on, amongst other things, details on planning applications applicable to the premises (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 headings.
It has been four months since my purchase conveyancing in Watford completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm remortgaging my primary home to a buy to let loan with Bank of Ireland and intend to use the remaining equity as a down payment on a second property. The location we are talking about is Watford. Will your conveyancers be able to act for both sets of mortgage companies and tie in the transactions?
Make use of our comparison tool on this page to check that the lawyers are on the appropriate lender panels. On the basis that they are your solicitor will be able to connect the two conveyancing matters but you should have a chat with you solicitor and communicate your desired outcome and needs.
Our solicitor in Watford has requested from me identification documents stating that this forms part of his retainer as a conveyancer on the mortgage company Conveyancing panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the bank. This is not unique to conveyancing in Watford