In what way does my ID and proof of funds have anything to do with my conveyancing in Lightwater? What am I being asked for?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Lightwater. Nowadays you will not be able to proceed with any conveyancing transaction in the absence submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Remember 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 in the absence of the other.
Evidence of the origin of monies is mandated under Money Laundering Regulations. You should not be offended when when this is requested of you as your lawyer must retain this information on record. Your Lightwater conveyancing lawyer 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 will also ask additional queries regarding the origin of monies.
This question may be naive but I am unexperienced as a 1st time purchaser of a ground floor flat in Lightwater.Do I pick up the keys to the house on the completion date from my lawyer? If this is the case, I will instruct a High Street conveyancing solicitor in Lightwater?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you should be able to pick up the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
How does conveyancing in Lightwater differ for newly converted properties?
Most buyers of new build premises in Lightwater contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because new home sellers in Lightwater tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Lightwater or who has acted in the same development.