Can the conveyancing solicitors via your comparison service perform attended exchange conveyancing in Shooter's Hill?
There are a few conveyancing experts who can conduct one day exchanges. You should contact us to get a conveyancing quote and details as to dates.
What does my ID and proof of funds have anything to do with my conveyancing in Shooter's Hill? What am I being asked for?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Shooter's Hill. Nowadays you can not proceed with any conveyancing deal if you have not providing proof of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are supplying your driving licence as proof of ID it must be both the paper part and photo card part, one is not acceptable without the other.
Proof of the source of money is required in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor must have this information on file. Your Shooter's Hill conveyancing solicitor will require evidence of proof of funds prior to accepting any money from you into their client account and they may also ask further questions concerning the source of funds.
The Shooter's Hill conveyancing lawyers that I appointed last week on my house acquisition in Shooter's Hill have suddenly shut down. They were on acting for me because I needed a solicitor on the Co-operative conveyancing panel and my family Shooter's Hill lawyer was not. I paid them money on account. What do I do now?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
How does conveyancing in Shooter's Hill differ for new build properties?
Most buyers of new build or newly converted property in Shooter's Hill approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Shooter's Hill tend to purchase the site, 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 property lawyers 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 Shooter's Hill or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Shooter's Hill prior to retaining solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies may not grant a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Shooter's Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shooter's Hill to see if the conveyancing will be more expensive.