My financial adviser has requested my Pitsea law firm’s panel member for the Lloyds conveyancing panel. How do I discover this. I have contacted my local Pitsea branch but they have not responded to me.
You are best placed to get this information from your Pitsea conveyancing practitioner . They keep a central record lender panel numbers.
What does my ID and proof of funds have anything to do with my conveyancing in Pitsea? What am I being asked for?
In order to comply with Money Laundering Regulations any Pitsea 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 live.
Under Money Laundering Regulations, conveyancers are obliged by law to investigate not just the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this may result in your lawyer 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 inform the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
We're in Pitsea, First time buyers purchasing with a mortgage (lender is Skipton , and our lawyer is on the Skipton conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property 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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Pitsea
There are many recorded licenced Conveyancers in Pitsea and Solicitor firms in Pitsea to choose from We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
How can we know in advance if a Pitsea conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Pitsea getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer handling your transaction.
I can not fathom if my lender requires a lease extension. I have telephoned my Pitsea building society branch on various occasions and was told it does not impact the mortgage offer and they will lend. My Pitsea conveyancing solicitor - who is on the lender conveyancing panel- called and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Provided that the solicitor is on the mortgage company approved list, they must comply with the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I have todayfound out that Stirling Law have closed. They conducted my conveyancing in Pitsea for a purchase of a freehold house 10 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Pitsea conveyancing specialists.
How does conveyancing in Pitsea differ for new build properties?
Most buyers of new build premises in Pitsea contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Pitsea typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Pitsea or who has acted in the same development.