In what way does my ID and proof of funds have anything to do with my conveyancing in Underwood? Why is this being asked of me?
Underwood conveyancing solicitors and indeed property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to verify the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no more than three months).
Evidence of source of funds is also required in accordance with the money laundering statutes as solicitors are mandated to ensure that the monies you are utilising to buy a property (be it the exchange deposit or the total purchase monies where you are a cash purchaser) has come from a reputable source (such as an inheritance) and is not the product of criminal activity.
We are buying a newbuild apartment in Underwood with a mortgage from Lloyds TSB Bank.We would like to retain our Underwood conveyancing solicitor but Lloyds TSB Bank informed us he's not on their approved list of firms. It seems we have little choice but to instruct a Lloyds TSB Bank panel lawyer or keep our preferred solicitor and pay for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage issued to you contains various provisions, one of which will be that solicitors must be on the Lloyds TSB Bank approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Lloyds TSB Bank
I am helping my aunt sell her house in Underwood. Does the conveyancer arrange an EPC or it is for me to coordinate?
Following the demise of Home Packs, energy performance certificates was retained a mandatory element of selling a property. An EPC must be to hand in advance of the property being marketed. It is not as aspect of the sale process that solicitors ordinarily organise. Where you are instructing a Underwood conveyancing lawyer they may be willing to arrange EPC’s due to their relationships with long established Underwood assessors
Is there a list of Clydesdale panel solicitors in Underwood on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association sites. Very few banks make their panel listings viewable over the internet. Where you are seeking to appoint a Underwood solicitor on the Clydesdale please use our facility.
I have decided to exercise my right to buy my property in Underwood off the council. I have a mortgage agreed with UBS. Conveyancing is not something I have any knowledge of. 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 UBS, you will need to appoint a solicitor on the UBS conveyancing panel.
Is it necessary to take out insurance to address the risk of chancel repairs when buying a house in Underwood?
Unless a prior purchase of the house completed after 12 October 2013 you may assume that solicitors carrying out conveyancing in Underwood to remain recommending a chancel search and or insurance against a claim.
Given that I will soon spend 450k on 3 bedroom house in Underwood I would like to talk to a conveyancer regarding thehome move in advance of instructing the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you first talking to the conveyancer who will be conducting your property ownership legalities in Underwood.There is no ‘factory style conveyancing’ - each client is an important individual, not a file reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Underwood should be the figure that you are charged.
We have selected a Underwood conveyancing solicitor for our house purchase (FTB’s) and have noticed in the Ts and Cs that they are not governed by the FCA. Need I be concerned or is that the norm with property lawyer?
We can't see why they should be. Most lawyer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who have strict stipulations covering amounts held by them.