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

It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Earls Court. However these days you can not proceed with any conveyancing process if you have not supplying evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as evidence of identification it needs to be both the paper part and photo card part, one is not satisfactory without the other.

Evidence of the source of money is mandated in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor will need to retain this information on file. Your Earls Court conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they should also ask additional queries regarding the origin of monies.

I have been told that property searches are the number one cause of stalling in Earls Court house deals. Is this right?

The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Earls Court.

I have todaydiscovered that Wolstenholmes have closed. They conducted my conveyancing in Earls Court for a purchase of a freehold house 18 months ago. How can I check that my home is not still registered in the name of the previous owner?

The quickest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Earls Court conveyancing specialists.

Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Earls Court is the location of the property. Can you shed any light on this issue?

Flying freeholds in Earls Court are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Earls Court you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Earls Court may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I dont have enough spare funds to pay a 10% deposit on my house purchase in Earls Court , but I still want to proceed. What can I do?

One option is to try and agree a lesser deposit. Many property owners will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute