In what way does my ID and proof of funds have anything to do with my conveyancing in Holbrook? Is this really necessary?
Holbrook conveyancing solicitors and indeed property practitioners throughout 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 will need to disclose two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).
Proof of source of monies is also required under the money laundering laws as conveyancers are required to ensure that the funds you are utilising to purchase a property (be it the exchange deposit or the full purchase monies if you are a cash purchaser) has originated from legitimate source (such as an inheritance) and is not the product of criminal activity.
We are planning to buy with Coventry BS. I visited a few high street solicitors yet cant to find a Holbrook conveyancing firm on the Coventry BS panel. Could you help?
You should make the most of the search tool on this site. Pick the building society and type Holbrook or your preferred area and you will discover numerous solicitors located in Holbrook or by proximity to you.
My father informed me that in purchasing a property in Holbrook there may be various restrictions preventing external changes to the property. Is this right?
There are anumerous of properties in Holbrook which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Holbrook should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After weeks of negotiation I have agreed a price on an apartment in Holbrook. My mortgage broker recommended their conveyancers. I paid an on account payment of £175. A few days later, the property lawyer contacted me sheepishly admitting that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Intending to buy a flat in Holbrook. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Holbrook lawyer is on the Leeds Building Society conveyancing panel.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a quick, chain free conveyancing. Holbrook is the location of the property. Can you shed any light on this issue?
Flying freeholds in Holbrook are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Holbrook you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Holbrook may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
We're first time buyers - had an offer accepted, but the estate agent informed us that the seller will only go ahead if we use the agent's preferred conveyancers as they want a ‘quick sale’. We would rather use a local conveyancer used to conveyancing in Holbrook
We suspect that the seller is unaware of this ultimatum. If they want ‘a quick sale', turning down a genuine purchaser is not the way to achieve this. Speak to the owners direct and make the point that (a)you are motivated buyers (b)you are ready to progress, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you will continue to use your own,trusted Holbrook conveyancing solicitors - not the ones that will give their negotiator at the agency a commission or achieve conveyancing targets pre-set by corporate headquarters.
I have been searching for Holbrook competitive conveyancing fees. Can I be assured that all the Holbrook law firms that are listed on your directory are on the mortgage company conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Holbrook firm being on the bank conveyancing panel is not accurate.