I can't travel far from Maldon. What is the rationale as to why all Maldon property lawyers are not on all lender panels?
As inequitable as it may seem for mortgage companies to limit who can represent them, from the public’s or solicitor’s viewpoint, the other side of the coin is that lenders are increasingly anxious and feel it vital to defend themselves against mortgage fraud. As a consequence of this concern lenders have consolidated their panel of approved conveyancing lawyers to a manageable size.
In what way does my ID and proof of funds have anything to do with my conveyancing in Maldon? Is this really warranted?
To satisfy the Money Laundering Regulations any Maldon 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 bill showing where you reside.
In accordance with Money Laundering Regulations, property lawyers are duty bound to investigate not just the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this may lead to your conveyancer cancelling their retainer 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 inform the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
We're in Maldon, FTBs purchasing with a mortgage (lender is UBS , and our solicitor is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
We are aiming to move home in November. Will my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you suggest a removal company in Maldon. Conveyancing lawyer was chosen prior to coming across this site.
On the day of completion you will need to collect the house keys from your property agent however this can only be done once the previous owners lawyers inform the agent that they have the completion monies and the keys can be given over. Subsequently you should inform the removal men that you are ready to move in. We do not suggest a particular removal company but can assist you in finding a conveyancing in Maldon or a firm with expertise in conveyancing in Maldon.
I happen to be the only beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Maldon. The Maldon property was put into my name in August. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership may be regarded the same way as if I'd bought the property in August. Will no one buy the property for half a year?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Some banks would take a sensible view as this provision primarily exists to capture the purchase and immediately sell or the flipping of property.
I am due to exchange contracts on my house. I had a double glazing fitted in March 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Aldermore are being pedantic. The Maldon solicitor who is on the Aldermore conveyancing panel is recommending indemnity insurance as a solution but Aldermore are insisting on a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I moved into my home on 12 February and the transaction details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Maldon said it would be formalised in a couple of weeks. Are transfers in Maldon uniquely lengthy to register?
As far as conveyancing in Maldon is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timescales can differ depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. Currently in the region of 80% of such applications are fully dealt with within 12 days but some can be subject to longer delays. Registration occurs once the purchaser is living at the property so registration formalities is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for an expedited registration.
I am looking to sell my home. My past conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Maldon if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Maldon. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.