In what way does my ID and proof of funds have anything to do with my conveyancing in Cudworth? What am I being asked for?
Cudworth conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Evidence of the origin of monies is also necessary under the money laundering laws as lawyers are required to investigate that the monies you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase monies where you are a cash purchaser) has come from legitimate source (such as employment savings) rather than the product of criminal behaviour.
We have agreed to purchase a house in Cudworth. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
As your lender is HSBC your lawyer must comply with the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for HSBC. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to HSBC where a lease fails to comply with these specifications. The conditions relate to the installation of panels on properties countrywide and is not isolated to Cudworth.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Cudworth conveyancing practitioner on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
I had an offer accepted on a house in Cudworth on 25/10/2024, valuation was booked 3 days after, all came back fine. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
Are there restrictive covenants that are commonly identified as part of conveyancing in Cudworth?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Cudworth. 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…’
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Cudworth is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cudworth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cudworth you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cudworth may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
We are 18 days into a freehold purchase having been referred to solicitors by the estate agent to perform conveyancing in Cudworth. We are not happy. Could you you assist me in finding new lawyers?
A lawyer would need to be really poor to suggest diss instructing them. Has your loan offer been issued? If so you must advise them of the new solicitor and have the offer are issued to the new lawyers. The solicitor ideally needs to be on the mortgage company approved list to avoid escalating charges and frustration. That should be your starting point. The find a solicitor tool can help you find a bank approved conveyancer for your home move in Cudworth