I was notified recently by my estate agent that my Market Harborough solicitor is not on the lender Conveyancing panel. How can I be sure whether this is correct?
The sensible course of action for you to take is to call your Market Harborough lawyer directly. You lawyer should advise you of the situation. Where they are not on the panel they may be able to suggest a Market Harborough conveyancing practice that is on the conveyancing panel for your bank.
In what way does my ID and proof of funds have anything to do with my conveyancing in Market Harborough? Why is this being asked of me?
Market Harborough conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity 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 identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).
Evidence of source of monies is also necessary in compliance with the money laundering laws as conveyancers are obliged to check that the funds you are utilising to buy a property (be it the exchange deposit or the total purchase amount where you are a cash purchaser) has originated from legitimate source (such as an inheritance) and is not the product of illegitimate activity.
My wife and I have recently appointed a conveyancing solicitor in Market Harborough. I need to find out whether they are accepted on the Norwich and Peterborough Building Society approved list of lawyers. Could you or the lender confirm if they are on the panel?
The first thing you should do is contact your conveyancer and ask them if they can act for the lender. Alternatively please get in touch with Norwich and Peterborough Building Society who may be able to confirm.
What is the difference between a licensed conveyancer and conveyancing solicitor in Market Harborough
There are two types of lawyers who can carry out conveyancing in Market Harborough namely CLC regulated conveyancers or solicitors. Both professionals provide the legal services that required to complete the disposal or acquisition of property. Both are duty bound to conduct Market Harborough conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that all necessary steps should be appropriately adhered to.
I am assisting my mother sell her flat in Market Harborough. Does the conveyancer arrange an energy assessment or it is for me to see to?
Following the demise of Home Packs, EPC’s became a compulsory element of moving property. An energy performance certificate must be to hand prior to the property being put on the market. It is not something that lawyers ordinarily organise. Where you are instructing a Market Harborough conveyancing solicitor they may be able to arrange EPC’s given their contacts with long established Market Harborough assessors
We have a mortgage agreed in principle with Kent Reliance. Market Harborough conveyancing solicitors are appointed. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?
There is no definitive answer here. Have Kent Reliance completed the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Market Harborough is the location of the property. What do you suggest?
Flying freeholds in Market Harborough are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Market Harborough you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Market Harborough 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.
Our solicitor in Market Harborough is asking me for personal identification documents stating that this is part of his retainer as a solicitor on the bank Solicitor panel. Can this be correct?
Anti-terror and anti-money-laundering rules require Market Harborough conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the mortgage company's UK Finance Lenders’ Handbook requirements