I have just been advised by my estate agent that my Selby property lawyer is not on the lender Solicitor panel. What can I do to be sure whether this is correct?
The first thing you need to do is to contact your Selby conveyancer. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
In what way does my ID and proof of funds have anything to do with my conveyancing in Selby? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Selby. Nowadays you will not be able to complete any conveyancing process without first supplying evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a utility bill. Remember if you are supplying your driving licence as proof of identification it must be both the paper section as well as the photo card part, one is not satisfactory without the other.
Verification of the source of monies is necessary under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancer will need to have this information on record. Your Selby conveyancing lawyer will require evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask further queries concerning the origin of funds.
In looking at moneysavingexpert.com for an affordable solicitor in Selby, many comment that I must instruct a CQS kitemarked lawyer. Can you explain what CQS is?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * compliance with best practice conveyancing processes through the scheme protocol the standard includes many partnerships who handle conveyancing in Selby.
Given that I am about to part with £400,000 on a property in Selby I would like to talk to a solicitor concerning thehouse move in advance of instructing the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be conducting your conveyancing in Selby.There is no ‘factory style conveyancing’ - each client is an important individual, not a case number. The law firms that we put you in touch with believe that the figure you are provided with for your conveyancing in Selby should be the figure that you are charged.
My husband and I are first time buyers - agreed a price, but the property agent told us that the seller will only proceed if we instruct the agent's recommended conveyancers as they need an ‘expedited deal’. We would rather use a family solicitor used to conveyancing in Selby
We suspect that the owner is unaware of this requirement. Should the seller want ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Try to communicate with the vendors directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Selby conveyancing solicitors - as opposed tothe ones that will provide their estate agent a introducer fee or meet his conveyancing targets pre-set by corporate headquarters.
I need to review costs for conveyancing in Selby from various conveyancer and choose one. Do I tell them to sit tight until I I have my bid accepted on a house.
You should only get your conveyancing practitioner to open a file and submit searches after the sales memorandum has been issued by the estate agent especially as Selby conveyancing searches are a couple of hundred pounds.