Just been in touch with my conveyancing lawyer in Stony Stratford who completed the legal work 18 months ago asking for a conveyancing quote based on the same type of home move (a leasehold residence and a freehold property) of similar values with a home loan from Aldermore. I am now being quoted twice the amount. Should I look for an alternative firm of conveyancing solicitor?
The estimate does seem a little overpriced. If you shop around you may be able to shave off some of the cost by say a hundred pounds. That being said, providing that you were content with the legal work the firm offered you mightlive to regret opting for an an unknown solicitor. Don't forget to ensure the firm can act for Aldermore. You can use our search tool to get a quote a Stony Stratford conveyancing firm on the Aldermore member panel, which can often include conveyancing solicitors in Stony Stratford.
In what way does my ID and proof of funds have anything to do with my conveyancing in Stony Stratford? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Stony Stratford conveyancing firm will require proof of identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
Under Money Laundering Regulations, conveyancers are obliged by law to investigate not simply the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Do the Building Society Association intend to launch a search tool with a view to to identify solicitors on the Coventry BS conveyancing panel for instance in Stony Stratford?
We are not aware of any intention on the part of the BSA to promote such a tool.
My wife and I are purchasing a house in Stony Stratford. It might be a silly question but how we can trust a lawyer? At some point we will need to send funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My husband and I are in the process of looking at apartments in Stony Stratford and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Co-operative.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are taking out a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
I have decided to exercise my right to buy my property in Stony Stratford off the council. I have a mortgage agreed with Santander. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
What will a local search inform me concerning the house my wife and I buying in Stony Stratford?
Stony Stratford conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search is essential in every Stony Stratford conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
How does conveyancing in Stony Stratford differ for newly converted properties?
Most buyers of new build property in Stony Stratford approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Stony Stratford typically purchase 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 conveyancing solicitors 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 Stony Stratford or who has acted in the same development.