In what way does my ID and proof of funds have anything to do with my conveyancing in Northolt? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Northolt. Nowadays you can not complete any conveyancing process without first submitting proof of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Please note that if you are supplying your driving licence as proof of identification it needs to be both the paper part and photo card part, one is not sufficient in the absence of the other.
Evidence of the source of money is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer must retain this information on record. Your Northolt conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask further queries regarding the origin of funds.
My brother-in-law has suggested I instruct a conveyancing solicitor in Northolt. I I would like to check whether they are on the Skipton Building Society conveyancing panel. Could you assist?
The first thing to do is contact the solicitor and enquire whether they can act for the lender. Otherwise you can get in touch with Skipton Building Society who may be able to assist.
What is your number one tip for choosing a conveyancing solicitor in Northolt
We would encourage you not to base your choice on the cheapest Northolt conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am being advised by my lawyer that lack of building regulations insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Northolt?
The right level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and Bank of Scotland. Conveyancing lawyers as opposed to borrowers take out such policies.
Can I be sure that the Northolt conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Northolt getting 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 which is cheap as chips. We would always recommend that you speak with the solicitor carrying out your transaction.
Various web forums that I have visited warn that are the primary cause of hinderance in Northolt house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Northolt.
Me and my brother own a terraced Georgian house in Northolt. Conveyancing practitioner represented me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Northolt and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing lawyer who conducted the purchase.