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

You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Codsall. However these days you will not be able to complete any conveyancing transaction if you have not handing over evidence of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper part and photo card part, one is not sufficient without the other.

Evidence of the source of funds is mandated in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer must retain this information on record. Your Codsall conveyancing practitioner 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 may also ask further queries regarding the source of monies.

Will my conveyancing lawyers need to check that the building insurance when buying a house in Codsall. My lender is Nationwide Building Society

Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/1/2026, the requirements read as follows :

I am buying my first flat in Codsall with a mortgage from The Mortgage Works. The builders refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The property agent told me not inform my lawyer about this side-deal as it could affect my loan with the bank. Is this normal?.

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.

I am looking for a leasehold apartment up to £195,000 and found one near me in Codsall I like with open areas and railway links nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Codsall suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.

I am using a search engine for the term cheap conveyancing in Codsall it shows results of numerous property lawyersin the area. With so much choice what is the best way to find the right conveyancer for me?

The preferential method of seeking a suitable conveyancer is through a personal testimonial, so seek the opinion of friends and family who have bought a property in Codsall or a reputable estate agent or financial adviser. Fees for conveyancing in Codsall differ, so it's sensible to secure at least four fee calculations from varying types of conveyancers. Be sure to secure confirmation that the charges are assured not to to be inflated.