I am in the process of selling my flat in Brent Cross and the EA has just called to say that the purchasers are changing their conveyancer. The reason given is that the mortgage company will only deal with solicitors on their approved list. Why would a major mortgage company only engage with specific lawyers rather the firm that they want to choose for their conveyancing in Brent Cross ?
Mortgage companies have always had panels of law firms that can represent them, but in the last few years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 15 years.
Mortgage companies point to the increase in fraud by way of justification for the pruning – criteria have been narrowed as a smaller panel is easier to oversee. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are not going to have any impact on this.
What does my ID and proof of funds have anything to do with my conveyancing in Brent Cross? Why is this being asked of me?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Brent Cross. Nowadays you will not be able to complete any conveyancing deal if you have not handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are supplying your driving licence as evidence of ID it needs to be both the paper section and photo card part, one is not acceptable without the other.
Verification of the source of monies is required in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer will need to retain this information on record. Your Brent Cross conveyancing practitioner will require evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional questions regarding the origin of funds.
There is lots of information on this site about conveyancing in Brent Cross but what is your top tip for selecting the right conveyancer in Brent Cross
Do not opt for the lowest Brent Cross conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am assisting my step-mother sell her property in Brent Cross. Does the solicitor order an energy assessment or should I organise this?
After the abolition of HIPs, energy performance certificates remained a required element of selling a house. An EPC must be to hand in advance of the property being marketed. It is not as aspect of the sale process that solicitors ordinarily organise. If you are instructing a Brent Cross conveyancing practitioner they might be willing to arrange EPC’s due to their relationships with reputable local accredited person
Is there a list of Leeds Building Society panel solicitors in Brent Cross on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings visible over the internet. Where you are looking for a Brent Cross lawyer on the Leeds Building Society please use our tool.
I need some fast conveyancing in Brent Cross as I have pressure to sign on the dotted line in less than 4 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are not taking a mortgage you have the choice not to have searches conducted although no lawyer would suggest that you don't. With lots of history conveyancing in Brent Cross the following are examples of issues that can show up and adversely impact market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
It has been 3 months since my purchase conveyancing in Brent Cross completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
As co-executor for the estate of my aunt I am selling a property in Cardiff but I am based in Brent Cross. My lawyer (based 250 kilometers from meneeds me to sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing solicitor in Brent Cross to attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Brent Cross based