In what way does my ID and proof of funds have anything to do with my conveyancing in Aberbargoed? Is this really necessary?
Aberbargoed conveyancing solicitors and indeed property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill no older than three months).
Evidence of the origin of monies is also necessary in accordance with the money laundering statutes as conveyancers are duty bound to ensure that the funds you are utilising to buy a property (whether it be the deposit for exchange or the full purchase price where you are buying without a mortgage) has originated from a reputable source (such as employment savings) as opposed to the product of criminal activity.
My wife and I are purchasing a property in Aberbargoed. It might be a silly question but how we can trust a conveyancer? On completion day we will need to put our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Aberbargoed CQS (Conveyancing Quality Scheme) solicitors are on the Leeds Building Society conveyancing panel?
Some major lenders now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.
The formalities of my purchase has taken place for my property in Aberbargoed. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Due to the advice of my in-laws I had a survey completed on a house in Aberbargoed prior to retaining solicitors. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies may not grant a loan on this type of home.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you contact us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Aberbargoed. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Aberbargoed to see if the conveyancing costs will increase in light of this.
Taking into account that I am about to spend over three hundred thousand on a property in Aberbargoed I wish to have a conversation with the lawyer regarding theconveyancing prior to instructing the firm. Can this be arranged?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer who will be carrying out your property ownership legalities in Aberbargoed.There is no ‘factory style conveyancing’ - every client is an important person, not a file number. The law firms that we put you in touch with believe that the figure you are provided with for residential conveyancing in Aberbargoed should be the figure that you are charged.
Is it best to instruct a Aberbargoed conveyancing lawyer based in the vicinity that I am hoping to buy? We have a good friend who can conduct the legal work however they are based a couple of hundredmiles away.
The benefit of a local Aberbargoed conveyancing practice is that you can attend the office to execute paperwork, present your identification documents and pester them where appropriate. They will also have local insight which is a plus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were impressed that must outweigh using an unknown Aberbargoed conveyancing lawyer just because they are round the corner.
I'm selling a bungalow in Aberbargoed. I can find my conveyancer's company on the CLC list, but I can't see my conveyancer's name on the list. Should I be concerned?
Not every individual in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unlicensed staff.