What does my ID and proof of funds have anything to do with my conveyancing in Farnham Common? Why is this being asked of me?

Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the ID of the person or body they are dealing with before they can accept 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 refuse to provide identification documents, your conveyancer will not be able to take you on as a client.

I understand that there are debates on Chancel Insurance on online forums. Am I compelled to take this when purchasing a residence in Farnham Common? or Apparently there is historic law that means some house owners living in a parish church boundary may be liable to contribute towards maintenance to the chancel within the church. Is this applicable for conveyancing in Farnham Common?

Unless a prior purchase of the property took place after 12 October 2013 you may expect lawyers delivering conveyancing in Farnham Common to continue to advocate a chancel search and or chancel repair liability insurance.

I used Wolstenholmes several years past for my conveyancing in Farnham Common. I now require my papers but the law firm is no longer operating. What do I do?

You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Farnham Common of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

I'm purchasing a new build house in Farnham Common with a mortgage from Chelsea Building Society. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not reveal to my lawyer about this extras as it will jeopardize my mortgage with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I have miscalculated my finances and am a couple of thousand pounds short a 10% deposit on my flat purchase in Farnham Common , but I am anxious exchange. What can I do?

You can agree a lesser deposit. Many vendors will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment