In what way does my ID and proof of funds have anything to do with my conveyancing in Maltby? Is this really necessary?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Maltby. However these days you will not be able to proceed with any conveyancing deal if you have not providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not sufficient without the other.
Evidence of the source of money is necessary under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer will need to have this information on file. Your Maltby conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask further queries regarding the origin of monies.
Can I be sure that the Maltby conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Maltby obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the solicitor carrying out your conveyancing.
We have agreed to purchase a house in Maltby. One unusual aspect is that the roof has a solar panel. Nottingham have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Nottingham your lawyer must follow the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for Nottingham. The CML Handbook contains minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Nottingham where a lease does not satisfy these conditions. The specifications relate to the installation of panels on properties countrywide and is not restricted to Maltby.
We were going to get a OIP from RBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do RBS recommend any Maltby solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Maltby solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
Will our conveyancer be raising enquiries about flooding as part of the conveyancing in Maltby.
The risk of flooding is if increasing concern for solicitors dealing with homes in Maltby. Plenty of people will acquire a house in Maltby, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to impart advice on flood risk, however there are a various checks that can be undertaken by the buyer or by their lawyers which should figure out the risks in Maltby. The standard property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual question of the owner to discover if the premises has historically flooded. If the property has been flooded in past which is not disclosed by the owner, then a buyer could commence a compensation claim as a result of such an misleading response. The buyer’s solicitors should also conduct an environmental search. This should disclose whether there is a recorded flood risk. If so, additional investigations should be conducted.
Are there restrictive covenants that are commonly identified as part of conveyancing in Maltby?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Maltby. 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…’
I would be grateful if you would explain what options are available to me where my Maltby conveyancing searches shows detrimental entries?
Normally, the majority of adverse entries revealed in Maltby conveyancing search results can be handled prior to completion or indemnity insurance could possibly be obtained. You should note that regardless of the fact that you may be buying the premises and may be willing to live with the search results, your mortgage lender may not, and ultimately have the final decision.