In what way does my ID and proof of funds have anything to do with my conveyancing in Southport? What am I being asked for?

Southport conveyancing solicitors and indeed property lawyers throughout the UK have a duty under money laundering regulations to verify the ID of any client in order to ensure that clients are who they say they are.

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

Proof of source of funds is also required under the money laundering laws as lawyers are required to check that the monies you are using to acquire a property (be it the exchange deposit or the full purchase amount if you are a cash purchaser) has come from legitimate source (such as an inheritance) and is not the fruits of criminal activity.

I am purchasing a property in Southport. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender be concerned?

Given that you are obtaining a mortgage with your lawyer must follow the formal instructions outlined in Part two of UK Finance Lenders’ Handbook for . The CML Handbook includes minimum requirements for solar panel roof-space leases, and are required to report to where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Southport.

have agreed my mortgage in principle, my bid on a apartment in Southport has been accepted, now what?

The estate agent will want to know who your solicitors are (ensure that the are on the lender’s approved list). Contact or the financial adviser and finish off any relevant documentation. will appoint a valuer who will get in contact with the selling agent or owners to book a time for the valuation to take place. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. will send the offer to you and your . The legal work will then take it’s course according the nature and complexity of the conveyancing in Southport.

Our offer on a house in Southport has been agreed to, the sellers do however have an associated purchase. The vendors have offered on somewhere, however it’s not yet agreed to, and are looking at other apartments booked. I have selected a bricks and mortar conveyancing solicitor in Southport. What do I do now? When do I get the mortgage application with started?

It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is in the region of one thousand pounds, then survey, Southport conveyancing search fees, etc). First, you must check that your is on the approved list. Regarding the next stages this very much depends on the uniqueness of your case, motivation for the property and on the state of the market. In a rising market the majority of home buyers would apply for the mortgage with and pay for the valuation and only if it was satisfactory would they request their to proceed with searches.

We are close to exchanging contracts on the sale of our house in Southport and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any high street Southport conveyancer would know that there is no such problem. It does beg the question why the purchasers used a web based conveyancing practice rather than a conveyancing solicitor in Southport. Having lived in Southport for six years we know of no issue. Do we get in touch with our local Authority to seek clarification need.

It would appear that you have a conveyancing firm currently acting for you. What do they say? 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 health insurance to cover that same ailment)

Despite weeks of looking the Title Certificate and documents to our house can not be found. The conveyancers who conducted the conveyancing in Southport 10 years ago are no longer around. What do I do?

Gone are the days when you need to hold title original deeds to prove you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.

I'm buying a new build house in Southport with the aid of help to buy. The developers would not move on the amount so I negotiated £7000 of additionals instead. The estate agent told me not to tell my solicitor about the extras as it may impact my mortgage with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder 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.