What does my ID and proof of funds have anything to do with my conveyancing in Lincoln? Is this really warranted?
To satisfy the Money Laundering Regulations any Lincoln conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.
In accordance with Money Laundering Regulations, property lawyers are required to ascertain not simply the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
We hope to to buy with Melton Mowbray Building Society. We have called around locally but cant to find a Lincoln conveyancing firm on the Melton Mowbray Building Society panel. Please you assist?
Feel free to take advantage of the find a conveyancing panel solicitor tool on this web page. Pick the mortgage company and type Lincoln or your location and you will see numerous conveyancers offices in Lincoln or near you.
My bid for a property was accepted at auction in Lincoln. Conveyancing is needed. What happens now?
Given that you are now to in every practical sense signed on the dotted line you must choose a conveyancing lawyer as a matter of priority as you now have a pending deadline in which to complete the property. All auction property will have an associated auction pack. This will include evidence of title and search results. If you have purchased leasehold premises the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You should give this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that you have funds in order to complete on the date specified in the contract.
We had appointed conveyancers with offices in Lincoln on the Nationwide solicitor panel. They are now charging me an additional charge for dealing with the Nationwide mortgage. Is this a supplemental conveyancing fee specified by Nationwide?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. This charge is not set by Nationwide but by your Lincoln solicitor. Some firms on the Nationwide panel will quote an ‘acting for lender’ fee and others do not.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Lincoln conveyancer on the Nottingham panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I am buying a property and the conveyancer has raised the issue of Chancel Repair to which the property may be liable as it falls into the area of such a church. He has recommended insurance. Is this strictly required for conveyancing in Lincoln
Unless a prior purchase of the house took place after 12 October 2013 you could take it that lawyers handling conveyancing in Lincoln to continue to suggest a chancel search and or insurance against a claim.
The deeds to our home are lost. The lawyers who handled the conveyancing in Lincoln 5 years ago have long since closed. What are my options?
Gone are the days when you need to have the physical deeds to prove you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
Due to the advice of my in-laws I had a survey completed on a house in Lincoln before appointing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies will refuse to grant a mortgage on such a home.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Lincoln. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lincoln to see if the conveyancing will be more expensive.