I plan on purchasing a flat in Hadfield. My lawyer is not listed on the bank conveyancing list. Can I still retain my Hadfield conveyancing solicitor even though they are excluded from the lender panel?
One must instruct a solicitor to complete the legal work required if you require a mortgage to buy your property. They will conduct all the appropriate due diligence on the property, make sure that you will be properly registered as the owner and ensure that all the necessary mortgage paperwork is in order. One may instruct a Hadfield conveyancer of your choosing. However, if the property lawyer selected is not a member of the bank conveyancing panel additional costs will be incurred as separate legal representation will be required by them. Bank panel applications may be submitted, so if your solicitor has not in the past applied for membership they can do so.
In what way does my ID and proof of funds have anything to do with my conveyancing in Hadfield? What am I being asked for?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms and Conditions that you are required to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you are unwilling to supply identification documents, your solicitor can not take you on as a client.
A relative informed me that in purchasing a property in Hadfield there could be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of a number of properties in Hadfield which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Hadfield should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am the only recipient of my late father’s will and I have everything in my name now, including the house in Hadfield. Conveyancing formalities meant that the Land Registry date was in December. I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership will be treated the same way as though I had purchased the property in December. Do I have to wait half a year to sell?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. How sensible a view banks take of it, depend on the mortgage company as this requirement chiefly exists to pick up on subsales or the wholesaling and assigning of properties.
We are getting a further advance on our mortgage from Lloyds as we wish to conduct alterations to our home in Hadfield. Are we obliged to select a bricks and mortar Hadfield solicitor on the Lloyds conveyancing panel to handle the paperwork?
Lloyds would not normally instruct firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds list.
four months have elapsed following my purchase conveyancing in Hadfield completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 asset 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.
In my capacity as executor for the will of my grandfather I am disposing of a house in Swansea but live in Hadfield. My lawyer (based 250 miles awayneeds me to execute a stat dec before completion. Could you suggest a conveyancing practitioner in Hadfield who can attest this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Hadfield based