What does my ID and proof of funds have anything to do with my conveyancing in Frenchay Common? What am I being asked for?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms of Engagement that you are required to sign should reaffirm this. Your lender will also require certain documents to be viewed. Where you are unwilling to provide ID verification documents, your lawyer will not be able to take you on as a client.
This question may be naive but I am new to the home buying as a 1st time buyer of a two bedroom flat in Frenchay Common.Do I pick up the keys to the house on the completion date from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Frenchay Common?
On the day of completion you do not need to attend the conveyancers office in Frenchay Common. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's solicitors, and once they have received this, you should be invited to collect the keys from the Estate Agents and start moving into the property. Usually this occurs between 1 and 3pm.
It has been 2 months following my purchase conveyancing in Frenchay Common took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.