What does my ID and proof of funds have anything to do with my conveyancing in Burgess Hill? What am I being asked for?

Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you are unwilling to provide ID verification documents, your lawyer can not take you on as a client.

we are a couple who are hoping to buy a newly converted apartment in Burgess Hill with a loan from TSB.We use our Burgess Hill conveyancing lawyer but TSB informed us his firm is not on their "panel". we are left little option but to use a TSB panel solicitor or keep our preferred solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?

Unfortunately,no. The home loan offered to you contains terms and conditions, a common one being that conveyancers must be on the TSB approved list. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for TSB

I'm converting the mortgage on my existing property to a buy to let mortgage with Norwich and Peterborough Building Society and intend to use the remaining equity as a down payment on a second house. The location we are talking about is Burgess Hill. Will your lawyers be able to act for the two mortgage companies and link together the transactions?

Make use of our search tool on this site to ensure that the solicitors are on the relevant lender panels. Having checked that they are your lawyer should be able to simultaneously deal with the two transactions but you should talk with you lawyer and make apparent your expectations and needs.

There are only Seventy years left on my lease in Burgess Hill. I need to extend my lease but my landlord is can not be found. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to prove that you or your lawyers have used your best endeavours to find the landlord. In some cases an enquiry agent should be helpful to conduct investigations and to produce a report to be used as proof that the freeholder can not be located. It is wise to seek advice from a property lawyer in relation to proving the landlord’s disappearance and the application to the County Court overseeing Burgess Hill.

Leasehold Conveyancing in Burgess Hill - Examples of Queries before Purchasing

Be sure to enquire if there is anything that is prohibited in the lease. For example some leases prohibit pets being allowed in in a block in Burgess Hill. If you love the flatin Burgess Hill yet your cat can’t move with you then you will be presented with a difficult decision. It would be sensible to discover as much as you can concerning the managing agents as they will either make living at the property much easier or much more difficult. As the proprietor of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to daily matters like the cleanliness of the communal areas. Enquire of other tenants if they are happy with them. Finally, investigate as to the dates that you are obliged pay the service charge to the relevant party and specifically what you get for your money. How is the lease structured?

We have had DIP from Platform Home Loans Ltd who have advised that they will lend up to £300k. When do we need to appoint a practitioner for conveyancing? Burgess Hill is where we plan to move to.

You can appoint a property lawyer now so that the conveyancing practitioner can open the file so they can do their ID checks etc. As and when you wish them to start work you will be asked for a payment on account usually approximately £175. That should generally be once you have the loan offer from the lender and valuation back, however if you wish to expedite matters you can start quicker even though you may be risking some expense.