My mortgage broker requires my Sydenham Hill lawyer’ panel reference for the HSBC conveyancing panel. How do I find this out. I have e-mailed my local Sydenham Hill branch but they have not responded to me.
Have you tried contacting your Sydenham Hill conveyancing practitioner about this?. They retain a central record lender panel numbers.
In what way does my ID and proof of funds have anything to do with my conveyancing in Sydenham Hill? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Sydenham Hill conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
In accordance with Money Laundering Regulations, conveyancers are duty bound to validate not simply the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this will result in your solicitor ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to inform the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
It has been three months following my purchase conveyancing in Sydenham Hill completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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 residence 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.
How does conveyancing in Sydenham Hill differ for newly converted properties?
Most buyers of new build premises in Sydenham Hill come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Sydenham Hill typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Sydenham Hill or who has acted in the same development.
I have been on the look out for a flat up to £305k and identified one near me in Sydenham Hill I like with a park and transport links in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Sydenham Hill for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan the shortness of the lease will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.