My IFA has asked me for my Lynton law firm’s panel reference for the Santander conveyancing panel. Can you suggest how I discover this. I have tried my local Lynton branch but they have not got back to me yet.
You are best placed to get this information from your Lynton property lawyer . Most Lynton conveyancing practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
My partner and I are purchasing a new build flat in Lynton and my conveyancer is telling me that she has to the lender to disclose incentives from the builder. I am nearing the developer’s deadline to exchange contracts and I don't want to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What does my ID and proof of funds have anything to do with my conveyancing in Lynton? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Lynton conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancers are obliged by law to check not just the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this may 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 will have an obligation to notify the appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
I need to instruct a conveyancing solicitor for residential conveyancing in Lynton. I have chance upon a web site which seems to have the ideal answer If there is a chance to get all the legals completed via email that would be preferable. Should I be concerned? What are the potential pitfalls?
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?
I have just started marketing my ground floor apartment in Lynton. Conveyancing lawyers have not yet been instructed, but I have just had a yearly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as normal because all rents and service invoices should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Lynton - A selection of Queries before buying
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Who manages the block? How many of the leaseholders are in arrears for their maintenance charge payments? How is the lease structured?
Is there an average conveyancing fee for conveyancing in Lynton?
The average cost in 2014 for conveyancing in Lynton was £1,500 excluding Land Tax and Land Registry fees.