In what way does my ID and proof of funds have anything to do with my conveyancing in Houghton Regis? Is this really warranted?

Houghton Regis conveyancing solicitors and indeed property practitioners accross the UK have a duty under money laundering regulations to check the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).

Confirmation of the origin of monies is also necessary under the money laundering regulations as lawyers have a duty to check that the money you are using to purchase a property (whether it be the deposit for exchange or the full purchase amount if you are buying mortgage free) has come from a reputable source (such as employment savings) rather than the proceeds of illegitimate activity.

We are downsizing from our house in Houghton Regis and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A local lawyer would know this is not the case. It does beg the question why the buyers are using a national conveyancing outfit as opposed to a conveyancing solicitor in Houghton Regis. Having lived in Houghton Regis for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain clarification that the buyers are looking for.

It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)

I am buying my first flat in Houghton Regis with a loan from . The builders would not move on the amount so I negotiated five thousand pounds worth of extras instead. The estate agent told me not inform my lawyer about the extras as it will impact my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I opted to have a survey done on a house in Houghton Regis before instructing solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some banks may not grant a mortgage on this type of house.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Houghton Regis. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Houghton Regis to see if the conveyancing costs will increase in light of this.

Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Houghton Regis?

At this site obtain a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Houghton Regis. Unlike many estate agents and many comparison sites we do not charge firms a commission if you choose them for your conveyancing in Houghton Regis