In what way does my ID and proof of funds have anything to do with my conveyancing in Lower Clapton? Is this really necessary?

It is indeed that case that these requests have nothing to do with conveyancing in Lower Clapton. Nowadays you can not proceed with any conveyancing process without first supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Please note that if you are providing your driving licence as proof of identification it must be both the paper section and photo card part, one is not acceptable without the other.

Verification of the source of monies is required in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor will need to have this information on file. Your Lower Clapton conveyancing solicitor will require evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask additional queries regarding the origin of funds.

Will commercial conveyancing searches disclose proposed roadworks that may impact a commercial property in Lower Clapton?

Its becoming the norm that commercial conveyancing solicitors in Lower Clapton will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Lower Clapton. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Lower Clapton.

For each commercial conveyancing transaction in Lower Clapton it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Lower Clapton commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Lower Clapton.

four months have gone by following my purchase conveyancing in Lower Clapton completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am purchasing a new build house in Lower Clapton benefiting from help to buy. The sellers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not to tell my lawyer about the extras as it could put at risk my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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 note that you have a post code search directory listing law firms on the mortgage company conveyancing panel. Do Lower Clapton conveyancing firms pay you a referral fee if I instruct them for my conveyancing?

We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Lower Clapton.