Finally, a mortgage agreement from HSBC for the refinancing of my 3 bedroom apartment is expected imminently. Are you able to put forward a low cost conveyancing practitioner in Cholsey?

You have arrived at the wrong place to search for the cheapest conveyancing in Cholsey. Our aim is to provide value for money conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing companies offering the bait of £100 conveyancing in Cholsey. Optimistically, in deciding on low cost conveyancing, you will earn what you pay for and at worst you will end up being stung for extras and still not get the service required.

My grandson is purchasing a newly built flat in Cholsey with a home loan from Clydesdale. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?

The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

What does my ID and proof of funds have anything to do with my conveyancing in Cholsey? Why is this being asked of me?

In order to comply with Money Laundering Regulations any Cholsey conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.

Under Money Laundering Regulations, conveyancing solicitors are duty bound to investigate not just the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this may lead to your lawyer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to notify the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.

I am considering applying for a TSB mortgage for purchase of a newly converted (under development) in Cholsey with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?

In theory, you could use a solicitor that is not on the TSB conveyancing panel, but TSB would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.

I am buying a new build apartment in Cholsey. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Cholsey

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.