What does my ID and proof of funds have anything to do with my conveyancing in Brigg? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Brigg conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account showing your correct address.
Under Money Laundering Regulations, conveyancers are required to check not just the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may result in your solicitor terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
My wife and I have a renovated Georgian house in Brigg. Conveyancing solicitor acted for me and Clydesdale. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Brigg and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing lawyer who carried out the work.
I am buying a new build house in Brigg with a mortgage from Aldermore. The developers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not reveal to my lawyer about this extras as it could put at risk my mortgage with Aldermore. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Brigg prior to retaining lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies will refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Brigg. Conveyancing will be smoother if you use a solicitor in Brigg especially if they are accustomed to such properties in Brigg.
My uncle has encouraged me to appoint his lawyers for conveyancing in Brigg. Do I follow his guidance?
No doubt it’s preferable to select a conveyancing lawyer is to seek recommendations from friends or family who have experience in using the firm you're considering.