I can't travel far from Solihull. Is there a reason why all Solihull conveyancing practitioners aren't automatically on all bank panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or conveyancer’s viewpoint, the other side of the coin is that lending institutions are increasingly anxious and regard it crucial to protect them against mortgage fraud. As a result of this concern mortgage companies have reduced their panel of approved conveyancing lawyers to a manageable size.
We are a couple about to exchange contracts for a leasehold flat in Solihull. We encountered a stumbling block. Our mortgage offer with Norwich and Peterborough Building Society expires on 15/1/2025 but the vendors are insisting on a completion date of 17/1/2025. Can one extend the mortgage offer?
The person best placed to address this issue is your conveyancer who will calculate whether they better off negotiating with the mortgage broker, vendor’s lawyers, property agents or conceivably all parties based on what has happend in your house move as of today.
In what way does my ID and proof of funds have anything to do with my conveyancing in Solihull? What am I being asked for?
Solihull conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Bank Statement no more than three months).
Confirmation of the origin of monies is also required in accordance with the money laundering regulations as conveyancers are obliged to ensure that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase price where you are buying mortgage free) has originated from legitimate source (such as employment savings) and is not the product of illegitimate activity.
Should commercial conveyancing searches reveal planned roadworks that could affect a commercial premises in Solihull?
Its becoming the norm that commercial conveyancing solicitors in Solihull will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Solihull. The search result sets out definitive data 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 Solihull.
For every commercial conveyancing transaction in Solihull it is critical 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 Solihull commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Solihull.
Due to the input of my in-laws I had a survey completed on a property in Solihull prior to appointing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies tend refuse to give a loan on this type of house.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Solihull. Conveyancing will be smoother if you use a solicitor in Solihull especially if they regularly deal with such properties in Solihull.