We are buying a flat in Burford. It might be a silly question but how we can trust a conveyancer? At some point we will need to put our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
If you had a top tip for choosing a conveyancing solicitor in Burford what would it be?
It would be unwise to be swayed by the cheapest Burford conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I had a mortgage agreed in principle with Nottingham. Burford conveyancing solicitors were chosen. How long does it take for Nottingham to send the offer to the solicitor?
Some lenders take longer than others. Have Nottingham conducted the survey? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have recentlybecome aware that Stirling Law have been shut down. They conducted my conveyancing in Burford for a purchase of a leasehold apartment 10 months ago. How can I check that my home is in my name in the name of the former proprietor?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Burford conveyancing specialists.
Just had an offer accepted on a new build flat in Burford. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Burford
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
We are four weeks into a freehold purchase having been directed to conveyancers by the local agent to do our conveyancing in Burford. I am am starting to be frustrated with the level of service. Could you you assist me in finding new conveyancers?
A solicitor would need to be really bad in order to consider changing them. Has the loan offer been generated? If so you need to make them aware of the new contact details and ensure the mortgage documents are re-issued. The conveyancer needs to be on the mortgage company panel to avoid escalating costs and complications. So that should be your first question of the new lawyers. Our find a solicitor tool should assist you in finding a bank approved conveyancer for your home move in Burford
I am purchasing a house and cash is in place. I have provided lawyer with two distinct forms of photographic identification, bank statement, endless utility bills. Now he needs a copy from a probate lawyer stating that the money is legitimate and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Burford conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.