I plan on acquiring a leasehold flat in West Dulwich. My lawyer is not on the mortgage company conveyancing panel. Am I still permitted to appoint my West Dulwich conveyancing solicitor notwithstanding that they are excluded from the bank approved list?
You have a number of options available to you here
- Proceed with your existing West Dulwich property lawyer but your mortgage company will no doubt instruct a property lawyer from their approved panel. The net result is additional fees together with potential delay.
- Choose a new property lawyer to act in the purchase, making sure they are on the lender conveyancing panel.
- Appeal to your solicitor to apply to join the mortgage company panel
What does my ID and proof of funds have anything to do with my conveyancing in West Dulwich? Why is this being asked of me?
To satisfy the Money Laundering Regulations any West Dulwich conveyancing firm will require evidence of your identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
In accordance with Money Laundering Regulations, property lawyers are obliged by law to check not simply the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this will result in your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to inform the appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in West Dulwich so that I can attend their offices when needed.
Most approved lawyers for mortgage companies carry out the vast majority of work through Royal Mail, internet or over phone calls. This means that they can undertake the conveyancing transaction regardless of where you live in the country. However you can check if you have the option of going to the offices of your conveyancing lawyer if needed.
I have todaybeen informed that Arc property Solicitors have closed. They conducted my conveyancing in West Dulwich for a purchase of a freehold house 9 months ago. How can I check that my home is in my name in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of West Dulwich conveyancing specialists.
Just had an offer accepted on a new build apartment in West Dulwich. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in West Dulwich
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.
My uncle has recommend that I instruct his conveyancing solicitors in West Dulwich. Should I find my own solicitor?
There are no two ways about it the best way to choose a conveyancing solicitor is to get recommendations from friends or relatives who have actually experience in using the firm you're are thinking of instructing.