Willusing a Botley conveyancing practice make my purchase more efficient?
Botley is a unique place, where local know-how is a significant benefit. The relaxed pace of life is great – just not when it comes to your conveyancing. The conveyancers that we recommend display deep Botley knowledge with a positive, hands-onapproach that helps the conveyancing to progress without drama. It is a distinct advantage that they benefit from well established relationships with mortgage brokers, local authorities, valuers and other Botley conveyancing practices
What does my ID and proof of funds have anything to do with my conveyancing in Botley? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Botley conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account showing where you live.
Under Money Laundering Regulations, conveyancing solicitors are duty bound to ascertain not just the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may lead to your lawyer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
Various online forums that I have frequented warn that are a common cause of obstruction in Botley conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Botley.
I am purchasing a new build house in Botley with a loan from Coventry Building Society. The builders would not budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not inform my conveyancer about the extras as it would affect my loan with the bank. 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.
How do I search for a Botley solicitor on the Aldermore conveyancing panel? I have a car and am happy to travel upto 25miles to meet the solicitor.
You can use the facility on this website. Please pick a lender and your location and you will see a number of Botley conveyancing lawyers locally. We have detailed some Botley conveyancing firms at the bottom of this page and you can call them to see whether they are on the Aldermore approved list
Am I best advised to instruct a Botley conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can deal with the conveyancing but they are based a couple of hundredmiles drive away.
The benefit of a local Botley conveyancing firm is that you can drop in to sign documents, deliver your ID and pester them where appropriate. They will also have local knowledge which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and in the main were happy that must outweigh using an unfamiliar Botley conveyancing solicitor just because they are round the corner.