My husband and I are getting closer to an exchange on a property in Filey and my parents have sent the 10% deposit to my property lawyer. I am now told that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
Your conveyancing practitioner is obliged to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
What does my ID and proof of funds have anything to do with my conveyancing in Filey? What am I being asked for?
In order to comply with Money Laundering Regulations any Filey conveyancing firm will require evidence of your identity in all conveyancing transactions. 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, property lawyers are duty bound to ascertain not only the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this will lead to 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 are duty bound to inform the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I used Wolstenholmes several years ago for my conveyancing in Filey. I now require my file but cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Filey of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Filey. I've stumble upon a web site which seems to have the ideal offering If it is possible to get all the legals done via web that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What advice can you give us when it comes to finding a Filey conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Filey conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Filey conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:
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If they are not ALEP accredited then what is the reason? How many lease extensions has the firm carried out in Filey in the last twenty four months?
Leasehold Conveyancing in Filey - A selection of Queries Prior to buying
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Does the lease have onerous restrictions? It is important to be aware whether window replacement or some other major work is due shortly to be shared amongst the leaseholders and will dramatically impact the level of the maintenance charges or require a one off payment.
Should I be concerned if there is an issue with one of the searches for my conveyancing in Filey?
Usually, almost all concerns arising from Filey conveyancing search results can be handled before completion or title insurance can be put in place. You should remember that even though you are purchasing the property and might be willing to live with the search results, your mortgage lender may not, and ultimately have the final decision.