In what way does my ID and proof of funds have anything to do with my conveyancing in Silvertown? Why is this being asked of me?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Silvertown. However these days you can not complete any conveyancing deal in the absence submitting proof of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are providing your driving licence as proof of ID it needs to be both the paper part as well as the photo card part, one is not satisfactory without the other.
Evidence of the source of funds is required under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer must have this information on record. Your Silvertown conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask additional questions regarding the source of funds.
My house in Silvertown is up for sale and I have a buyer. Does the conveyancer have to be required to be on the TSB conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the TSB conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
I require quick conveyancing in Silvertown as I have an ultimatum to complete within one month. Thankfully I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?
If.Given you are not taking a home loan you are at liberty not to have searches conducted although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Silvertown the following are examples of issues that can show up and adversely affect future saleability: Enforcement Notices, Overdue Fees, Overdue Grants, Railway Schemes,...
Are there restrictive covenants that are commonly identified as part of conveyancing in Silvertown?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Silvertown. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Silvertown differ for newly converted properties?
Most buyers of new build or newly converted property in Silvertown come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Silvertown typically acquire 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 accustomed to new build conveyancing in Silvertown or who has acted in the same development.
We are 14 days into a freehold purchase having been recommend to conveyancers by the high street agent to do our conveyancing in Silvertown. I am am extremely frustrated with the level of service. Could you help me find new lawyers?
A lawyer would need to be very bad in order to consider diss instructing them. Has the mortgage offer been generated? In the event that it has you need to make them aware of the replacement conveyancer and get the loan are re-issued. Your solicitor ideally needs to be on the lenders approved list to avoid escalating expenses and delays. So that should be your starting point. The find a solicitor tool should help you find a bank approved lawyer for your home move in Silvertown