What does my ID and proof of funds have anything to do with my conveyancing in Droitwich Spa? Is this really necessary?

You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Droitwich Spa. Nowadays you will not be able to complete any conveyancing process if you have not providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Please note that if you are supplying your driving licence as evidence of ID it needs to be both the paper part as well as the photo card part, one is not satisfactory in the absence of the other.

Evidence of your source of funds is necessary in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor will need to retain this information on file. Your Droitwich Spa conveyancing practitioner will need to see evidence of proof of funds prior to accepting any money from you into their client account and they will also ask additional questions regarding the source of funds.

I'm purchasing a new build house in Droitwich Spa with a loan from . The builders refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not to tell my conveyancer about this deal as it may adversely affect my loan with . 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 have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in Droitwich Spa I like with open areas and transport links nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Droitwich Spa in this price bracket, so just wondered if I would be making a mistake buying a short lease?

Should you need a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.