What does my ID and proof of funds have anything to do with my conveyancing in Barbican? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations 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 retainer. The Client Care letter that you are required to sign will no doubt reaffirm this. Your lender will also require certain documents to be checked. Should you are unwilling to provide identification documents, your solicitor would not be able to accept instructions from you.
I have a decision in principle. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would much rather use a Barbican based conveyancing firm?
Do check but the the likelihood is that appoint one of their panel lawyers if you take up the "fee-free" offer. Call the lender to see if they allow a monetary alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Barbican.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Barbican?
Two types of professional can conduct conveyancing in Barbican namely CLC regulated conveyancers or solicitors. Both professionals administer the legal services that required to complete the sale or purchase of property. Both are required to handle Barbican conveyancing to the same standards and guidelines so you may be sure that your conveyancing will be professionally administered and that the requisite procedures should be correctly followed.
I am expecting a DIP from Co-operative this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Co-operative recommend any Barbican solicitors on the Co-operative conveyancing panel, or is it better to go independently?
You will need to appoint Barbican solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
My husband and I are spending time looking at flats in Barbican and I am now considering a potential offer. Is it best to have my conveyancing practitioner on ‘stand by’? I intend to finance via a home loan with TSB.
It would be sensible to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. As you are getting a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
I opted to have a survey done on a property in Barbican before instructing solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some banks tend refuse to grant a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Barbican. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Barbican to see if the conveyancing will be more expensive.
I was recommended by a few estate agents in Barbican to locate a property lawyer on your site. What’s the financial upside for Estate Agents to recommend your lawyers rather than another?
We don’t make any referral fee for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
We are four weeks into a residential purchase having been referred to conveyancers by the high street agent to carry out the conveyancing in Barbican. We are not happy. Could you you assist me in finding new conveyancers?
A solicitor would need to be really poor to suggest changing them. Has the mortgage been issued? In the event that it has you need to advise them of the new contact details and ensure the loan are re-issued. Your new conveyancer needs to be on the banks panel to avoid escalating expenses and frustration. That should be your first question of the new solicitors. The find a solicitor tool can help you find a lender approved lawyer for your home move in Barbican