In what way does my ID and proof of funds have anything to do with my conveyancing in Virginia Water? What am I being asked for?
Virginia Water conveyancing solicitors and indeed property lawyers accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Proof of the origin of funds is also required under the money laundering statutes as conveyancers have a duty to ensure that the funds you are utilising to buy a property (be it the exchange deposit or the total purchase price if you are a cash purchaser) has come from a reputable source (such as employment savings) and is not the proceeds of illegitimate activity.
We're in Virginia Water, First time buyers buying with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor 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.
I have been told that property searches are the primary cause of delay in Virginia Water house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Virginia Water.
I purchased my flat on 11 May and the transaction details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Virginia Water advises it would be recorded in a couple of weeks. Are transfers in Virginia Water uniquely lengthy to register?
As far as conveyancing in Virginia Water is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timeframes can differ subject to the party submitting the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. Currently roughly three quarters of such applications are completed within two weeks but occasionally there can be protracted delays. Registration is effected once the buyer has moved in to the property therefore post completion formalities is not always top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers could contact the land registry and explain the circumstances.
What tools are available to identify a Virginia Water law firm on the Halifax conveyancing panel? I drive a motor bike and am happy to travel upto 25kilometers to meet the conveyancer.
Feel free to make use of the search on this website. Please select a mortgage company and your location and you will see a number of Virginia Water conveyancing lawyers located nearest you. We have detailed some Virginia Water conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Halifax approved list
My husband and I are novice buyers - had an offer accepted, yet the property agent has warned us that the seller will only go ahead if we appoint their preferred conveyancers as they want a ‘quick sale’. We would rather use a local solicitor who is familiar with conveyancing in Virginia Water
It is unlikely the vendors are driving this. If they require ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Contact the vendors directly and explain that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you intend to use your own,trusted Virginia Water conveyancing lawyers - not the ones that will give the negotiator at the agency a kickback or hit his conveyancing figures demanded by HQ.