My IFA says he needs my Brighton lawyer’ panel member for the Nationwide conveyancing panel. What is the best way to find this out. I have tried my local Brighton office but they have not got back to me yet.
Have you tried speaking to your Brighton solicitor about this?. Most Brighton conveyancing practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
My god-son is purchasing a newly built flat in Brighton with a home loan from Yorkshire BS. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Yorkshire BS conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Yorkshire BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What does my ID and proof of funds have anything to do with my conveyancing in Brighton? Why is this being asked of me?
Brighton conveyancing solicitors and indeed property practitioners accross the UK have a duty under money laundering regulations to verify the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).
Confirmation of the origin of funds is also required under the money laundering statutes as conveyancers are obliged to investigate that the funds you are using to acquire a property (be it the exchange deposit or the full purchase amount if you are buying without a mortgage) has come from legitimate source (such as an inheritance) as opposed to the fruits of criminal activity.
Our bank has suggested solicitors on their panel based in Brighton but I would rather instruct a conveyancing lawyer in Brighton or nearer to where I live. Can you help?
It is by no means the case that all Brighton conveyancing firms are listed all lender’s conveyancing panel. Use the above search tool to choose a Brighton conveyancing solicitor on the on the lender panel.
Various web forums that I have frequented warn that are the main cause of delay in Brighton house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Brighton.
I opted to have a survey done on a house in Brighton prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies may not give a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Brighton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brighton to see if the conveyancing will be more expensive.