We selected a Wanstead Flats based solicitor for my conveyancing in Wanstead Flats yesterday. After carefully reading the small print it is apparent thatI am liable for fees even if the dealdoes not happen. Would I be best advised to appoint a web based solicitor practice who offer no move no charge conveyancing in Wanstead Flats?

Generally there is a compromise along the lines that if "No Sale No Fee" is offered then the conveyancing charges will generally be uplifted to cover the transactions that do not proceed. You should be mindful that these schemes rarely cover outlay for instance Wanstead Flats conveyancing search charges.

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

Wanstead Flats conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to supply two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).

Confirmation of source of monies is also required in accordance with the money laundering statutes as conveyancers are obliged to check that the funds you are using to acquire a property (be it the exchange deposit or the full purchase amount where you are a cash purchaser) has come from legitimate source (such as employment savings) as opposed to the product of illegitimate activity.

I'm purchasing my first flat in Wanstead Flats with the aid of help to buy. The developers refused to budge the price so I negotiated £7000 of extras instead. The property agent suggested that I not to tell my conveyancer about this deal as it could impact my mortgage with . 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.