In what way does my ID and proof of funds have anything to do with my conveyancing in Great Stanmore? Why is this being asked of me?
Great Stanmore conveyancing solicitors and indeed property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Proof of source of monies is also required in accordance with the money laundering regulations as lawyers are duty bound to investigate that the money you are using to acquire a property (whether it be the deposit for exchange or the total purchase price if you are buying without a mortgage) has originated from legitimate source (such as an inheritance) and is not the product of criminal behaviour.
We are planning to buy with Earl Shilton BS. I popped in 3 or 4 high street solicitors but am struggling to find a Great Stanmore conveyancing firm on the Earl Shilton BS approved list. Can you help?
You should make the most of the find a lender approved solicitor tool on this web page. Please choose the mortgage company and type Great Stanmore or your location and you will discover numerous solicitors offices in Great Stanmore or nearest you.
I purchased my apartment on 12 January and my personal details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Great Stanmore expressed confidence that it should be dealt with inside ten days. Are titles in Great Stanmore particularly slow to register?
There is nothing unique about conveyancing in Great Stanmore registration formalities. As opposed to being determined by geographic area, timeframes can adjust subject to who lodges the application, whether it is in order and if the Land registry communicate with any third parties. As of today roughly 80% of submission are fully addressed within two weeks but some can be subject to extensive delays. Registration occurs after the purchaser is living at the property thus post completion formalities is not always primary concern yet if there is a degree of urgency associated with the registration then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.
I opted to have a survey carried out on a house in Great Stanmore before retaining lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will refuse to give a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. If you call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Great Stanmore. Conveyancing will be smoother if you use a solicitor in Great Stanmore especially if they regularly deal with such properties in Great Stanmore.
I am a fortnight into a freehold purchase having been recommend to a firm by the local agent to do our conveyancing in Great Stanmore. We are not happy. Can you you assist me in finding new solicitors?
A conveyancer would have to be very bad in order to consider replacing them. Has your mortgage offer been issued? If so you must inform them of the new solicitor and have the loan are re-issued. Your new conveyancer needs to be on the lenders panel to avoid supplemental fees and delays. So that should be your starting point. The search tool can help you find a bank approved lawyer for your home move in Great Stanmore
Our solicitor in Great Stanmore has discovered a a legal deficiency with the lease for the apartment we are purchasing in Great Stanmore. The seller’s lawyers have offered title insurance as a solution. We are content with insurance and will pay for it. Our lawyer says that as he is on the lender conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or the bank?
Just because you have a mortgage offer from the mortgage company does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Great Stanmore conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. These conveyancing instructions must be adhered to by the mortgage company conveyancing panel who has to balance acting for you and the lender