Please could you vouch for a Bank of Ireland approved New Milton conveyancing firm that can complete within 10 days? Would it be better to use a high street New Milton solicitor or a factory type conveyancer?
We would be happy to suggest some excellent New Milton conveyancing firms. You can also walk up the high street in New Milton. Visit two or three firms and ask to speak with a conveyancing solicitor for a fee estimate. Explain your expectations together with your reasons and get a commitment on speed. Choose the one that you are most comfortable with.
In what way does my ID and proof of funds have anything to do with my conveyancing in New Milton? Why is this being asked of me?
To satisfy the Money Laundering Regulations any New Milton conveyancing firm will require evidence of your identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to check not just the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to inform the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
About to place an offer on a leasehold apartment in New Milton. The property agents advise that it is standard for flats in New Milton to have less than 75 years unexpired on the lease. I am expecting a loan with Accord Mortgages. Is this going to be acceptable if the lease has 70 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 20/2/2025 the requirements read as follows :
My colleague advised me that if I am buying in New Milton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard New Milton conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about New Milton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the New Milton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, New Milton Education with plans and statistics, Local Amenities and other useful information concerning New Milton.
I am buying a new build house in New Milton with a loan from Coventry Building Society. The developers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not inform my lawyer about the extras as it will impact my mortgage with Coventry Building Society. 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.