What does my ID and proof of funds have anything to do with my conveyancing in Broadstairs? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Broadstairs. Nowadays you can not proceed with any conveyancing process without first supplying evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are providing your driving licence as proof of ID it needs to be both the paper section and photo card part, one is not sufficient in the absence of the other.
Proof of the origin of funds is necessary in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor must have this information on record. Your Broadstairs conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they should also ask additional questions concerning the origin of monies.
Having spent time reviewing consumer advice sites for a high-quality solicitor in Broadstairs, most post that I must use a CQS kitemarked solicitor. Can you explain what CQS is?
Broadstairs Conveyancing Quality Scheme law firms have achieved accreditation by the law Society CQS was brought about to promote high standards in the in the legal transfer of properties. CQS enables consumers to recognise practices that provide a quality residential conveyancing. Broadstairs is one of locations in England and Wales in which accredited firms are located. The scheme obliges law firms to undergo a strict assessment, compulsory training, self-certification, spot checks and yearly assessments in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Building Societies Association.
How does conveyancing in Broadstairs differ for newly converted properties?
Most buyers of new build premises in Broadstairs approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because developers in Broadstairs tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Broadstairs or who has acted in the same development.
I have been on the look out for a flat up to £305k and found one round the corner in Broadstairs I like with amenity areas and railway links nearby, the downside is that it only has 51 years on the lease. There is not much else in Broadstairs for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I am 3 weeks into a residential purchase having been recommend to solicitors by the local agent to carry out the conveyancing in Broadstairs. We are not happy. Can you you assist me in finding new solicitors?
A lawyer would need to be very poor in order to consider replacing them. Has the loan offer been issued? In the event that it has you need to advise them of the replacement lawyer and get the offer are re-issued. Your new solicitor ideally should be on the lenders approved list to avoid supplemental fees and complications. So that should be your starting point. Our search tool will assist you in finding a bank approved conveyancer for your home move in Broadstairs