I have just been advised by my estate agent that my Cambridge Heath lawyer is not on the bank Conveyancing panel. How can I be certain if this is indeed the case?
Your first step should be to contact your Cambridge Heath lawyer directly. You lawyer should notify you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
In what way does my ID and proof of funds have anything to do with my conveyancing in Cambridge Heath? Why is this being asked of me?
Cambridge Heath conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under money laundering regulations to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Confirmation of source of funds is also necessary in compliance with the money laundering laws as solicitors have a duty to ensure that the monies you are utilising to acquire a property (be it the exchange deposit or the full purchase monies if you are a cash purchaser) has originated from an acceptable source (such as employment savings) rather than the product of criminal behaviour.
My fiance and I are purchasing a newbuild apartment in Cambridge Heath with a mortgage from Alliance & Leicester .We have a Cambridge Heath conveyancing lawyer but Alliance & Leicester advised that his firm is not on their "panel". We have to appoint a Alliance & Leicester panel lawyer or retain our local solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you contains various provisions, one of which will be that solicitors will be on the Alliance & Leicester approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Alliance & Leicester
Will commercial conveyancing searches disclose impending roadworks that could affect a commercial property in Cambridge Heath?
Many commercial conveyancing solicitors in Cambridge Heath will perform a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Cambridge Heath. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Cambridge Heath.
For each commercial conveyancing transaction in Cambridge Heath it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Cambridge Heath commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Cambridge Heath.
I have todaybecome aware that Stirling Law have been shut down. They conducted my conveyancing in Cambridge Heath for a purchase of a freehold house 10 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The quickest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Cambridge Heath conveyancing specialists.
My brother has suggested that I use his conveyancing solicitors in Cambridge Heath. Do I follow his advice?
Much as we are happy to recommend a Cambridge Heath conveyancing lawyer the ideal way to choose a conveyancing practitioner is to get feedback from friends or relatives who have used the firm that you are are thinking of instructing.