In what way does my ID and proof of funds have anything to do with my conveyancing in Claverdon? What am I being asked for?

Claverdon conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to produce two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).

Confirmation of source of monies is also necessary in accordance with the money laundering statutes as lawyers have a duty to ensure that the money you are utilising to acquire a property (whether it be the deposit for exchange or the full purchase monies where you are a cash purchaser) has come from a reputable source (such as an inheritance) rather than the fruits of criminal activity.

We expect to receive a AIP from Co-operative this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Co-operative recommend any Claverdon solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?

You will need to appoint Claverdon solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.

The mortgage over my property is with Yorkshire BS for my property in Claverdon. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Yorkshire BS?

Yorkshire BS must be informed of your intention before renting your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Yorkshire BS directly. You need not do this via a Yorkshire BS conveyancing panel lawyer.

At last I have had an offer on a flat in Claverdon agreed to, but there is a chain. The owners have placed an offer on on an apartment, but it’s not yet tied up, and have viewings of other apartments in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Claverdon. What do I do now? When do I get the mortgage application with Santander going?

It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then valuation, Claverdon conveyancing search charges, etc). First, you should check that your conveyancing practitioner is on the Santander approved list. As to the next steps this very much depends on the specifics of your transaction, attraction to the property and on the state of the market. During a buoyant market many home buyers would apply for the mortgage with Santander and pay for the valuation and only if it comes back ok would they pay their property lawyer to press on with the conveyancing in Claverdon.

Will my lawyer be asking questions concerning flooding during the conveyancing in Claverdon.

Flooding is a growing risk for solicitors conducting conveyancing in Claverdon. There are those who buy a property in Claverdon, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.

Lawyers are not qualified to offer advice on flood risk, but there are a numerous searches that can be carried out by the buyer or by their solicitors which can give them a better appreciation of the risks in Claverdon. The standard information given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the owner to find out if the premises has suffered from flooding. In the event that the property has been flooded in past and is not revealed by the seller, then a buyer could commence a claim for damages resulting from an incorrect reply. A purchaser’s lawyers will also order an environmental report. This should indicate whether there is a recorded flood risk. If so, more detailed inquiries will need to be initiated.

Are there restrictive covenants that are commonly identified during conveyancing in Claverdon?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Claverdon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Having had my offer accepted I require leasehold conveyancing in Claverdon. Before I get started I require certainty as to the unexpired term of the lease.

If the lease is recorded at the land registry - and most are in Claverdon - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Claverdon Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing

Most Claverdon leasehold properties will incur a service bill for maintenance of the block levied on behalf of the landlord. Where you buy the property you will have to meet this charge, usually quarterly during the year. This may vary from two or three hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all likelihood there will be a ground rent to be met yearly, this is usually not a significant sum, say around £50-£100 but you need to enquire it because sometimes it could be surprisingly expensive. The prefered form of lease structure is if the freehold interest is in the ownership of the leaseholders. In this arrangement the tenants enjoy control and although a managing agent is usually employed where the building is bigger than a house conversion, the managing agent is directed by the tenants.