I am expecting a offer of a home loan from Nat West. My intention is to employ the services of a Licensed Conveyancer in Westgate on Sea. Does the Nat West Solicitor panel include conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I am soon to exchange buying a house in Westgate on Sea but as a consequence of wreckage from the recent storms I have managed to agree recompense from the seller in the sum of three thousand pounds by way of a reduction in the price. This was going to be addressed as part of a side agreement yet Kent Reliance are not allowing this. Should they have been involved?
Your property lawyer being on a Kent Reliance approved list is duty bound to inform Kent Reliance of any amendments to the purchase price. If you prohibit your property lawyer to disclose the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new lawyer for your conveyancing in Westgate on Sea.
In what way does my ID and proof of funds have anything to do with my conveyancing in Westgate on Sea? Why is this being asked of me?
Westgate on Sea conveyancing solicitors and indeed property lawyers accross the UK have an obligation under money laundering regulations to check the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).
Proof of the origin of funds is also required under the money laundering statutes as solicitors are mandated to investigate that the funds you are using to acquire a property (whether it be the deposit for exchange or the full purchase monies if you are buying mortgage free) has originated from legitimate source (such as an inheritance) and is not the product of criminal activity.
My wife and I are purchasing a property in Westgate on Sea. It might be a silly question but how we can trust a conveyancer? At some point we have to deposit money 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.
Completion of my remortgage has taken place for my property in Westgate on Sea. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
My offer on a property in Westgate on Sea has been accepted, but there is a chain. The sellers have put an offer on a property, however it’s not yet tied up, and have viewings of other apartments in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Westgate on Sea. What do I do now? When should I get the mortgage application with Bank of Ireland going?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then survey, Westgate on Sea conveyancing search fees, etc). First, you should ensure that your property lawyer is on the Bank of Ireland approved list. Regarding the subsequent stages this very much dictated by the circumstances of your case, motivation for this property and on the state of the market. During a buoyant market some purchasers would apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it comes back ok would they pay their conveyancer to move forward with searches.
Should I be suspicious by third parties that I am dealing with are recommending a web based conveyancing firm as opposed to a High Street Westgate on Sea conveyancing firm?
As with many service providers, often recommendations from family and friends can be worth their weight in gold. Yet there are numerous players in a conveyancing matter; estate agents, mortgage brokers and banks may put forward conveyancers to instruct. Sometimes these solicitors might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the recommendation. You are at liberty to choose your preferred lawyer. You need to be aware that the majority of banks specify a panel list of solicitors you are obliged to use for the lender aspect of your home move.
I need to appoint a conveyancing solicitor for freehold conveyancing in Westgate on Sea. I have stumble upon a web site which appears to be the perfect solution If there is a chance to get all formalities done via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?