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

It is indeed that case that these requests have nothing to do with conveyancing in North Newbald. However these days you can not complete any conveyancing transaction if you have not providing proof of your identity. This usually takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are supplying your driving licence as evidence of identification it must be both the paper part and photo card part, one is not sufficient in the absence of the other.

Verification of your source of monies is necessary under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancer will need to have this information on file. Your North Newbald conveyancing solicitor will require evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional queries concerning the source of monies.

We're in North Newbald, First timers purchasing with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

It has been four months following my purchase conveyancing in North Newbald took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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 property 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 my first flat in North Newbald with a loan from Clydesdale. The sellers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not inform my conveyancer about the deal as it may adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.

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.

Is there a difference between surveying and conveyancing in North Newbald?

Conveyancing - in North Newbald or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying and will help you discover the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the seller to fix the defects before you move in.