What does my ID and proof of funds have anything to do with my conveyancing in West Hendon? Why is this being asked of me?
West Hendon conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Evidence of source of funds is also necessary in compliance with the money laundering laws as solicitors are mandated to ensure that the money you are using to buy a property (be it the exchange deposit or the full purchase price if you are a cash purchaser) has originated from a reputable source (such as an inheritance) rather than the product of illegitimate activity.
Are the BSA intent on creating a searchable register to to identify law firms on the Coventry BS conveyancing panel for example in West Hendon?
We are not aware of any intention on the part of the BSA to promote such a search facility.
What will a local search inform me concerning the house I am purchasing in West Hendon?
West Hendon conveyancing often starts 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 West Hendon conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search will provide data on, amongst other things, details on planning applications relevant to the property (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 thirteen topic headings.
I am purchasing my first flat in West Hendon benefiting from help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not inform my conveyancer about the side-deal as it may affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is there anything unique about your site and other online quote calculators for conveyancing in West Hendon?
At this site receive a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in West Hendon. Unlike many estate agents and many comparison sites we do not have referral arrangements with solicitors. Many agents and online brokers 'recommend' solicitors that pays the highest kickback, rather than the best value conveyancing in West Hendon
My husband and I are new on the property ladder - agreed a price, but the property agent told us that the vendor will only go ahead if we appoint their recommended lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a family solicitor with experience of conveyancing in West Hendon
We suspect that the seller is not behind this request. Should the owner want ‘a quick sale', taking such a hostile approach to a motivated purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make sure they comprehend that (a)you are genuine purchasers (b)you are ready to go, with finances in place © you do not need to sell (d) you intend to proceed fast (e)however you are going to use your preferred West Hendon conveyancing solicitors - rather thanthose that will give their negotiator at the agency a kickback or hit his conveyancing figures demanded by corporate headquarters.