In what way does my ID and proof of funds have anything to do with my conveyancing in Bromley Common? Is this really necessary?
To satisfy the Money Laundering Regulations any Bromley Common conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account showing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to validate not simply the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Our mortgage company has suggested solicitors on their panel based in Bromley Common but I would rather instruct a conveyancing lawyer in Bromley Common round the corner to me. Are you able to help?
Not all Bromley Common conveyancing firms are listed all banks conveyancing panel. Use our find an approved solicitor tool to locate a Bromley Common conveyancing conveyancer on the on the mortgage company panel.
2 months have gone by since my purchase conveyancing in Bromley Common completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 premises 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.
I am purchasing a new build house in Bromley Common with a mortgage from Halifax. The builders would not move on the price so I negotiated 6k of additionals instead. The estate agent told me not to tell my solicitor about the side-deal as it may impact my mortgage with the lender. Is this normal?.
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 simple is it to swap solicitor as I have to retain one who is on the Nottingham Building Society conveyancing list. I instructed a family conveyancing solicitor in Bromley Common round the corner but he is not approved by Nottingham Building Society
We will our best to assist in finding you a conveyancing solicitor in Bromley Common on the Nottingham Building Society panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Bromley Common. In utilising search facility on this site, you can compare fees for conveyancing solicitors in Bromley Common and beyond.
Am I best advised to use a Bromley Common conveyancing lawyer based in the area that I am purchasing? We have a good friend who can carry out the legal formalities but her office is approximately 350miles drive away.
The benefit of a local Bromley Common conveyancing firm is that you can attend the office to execute documents, present your ID and pester them where appropriate. Having local Bromley Common know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were happy that should surpass using an unknown Bromley Common conveyancing lawyer solely due to them being local.