I am need of leasehold conveyancing for a flat in a relatively new development (five years built) in Arnos Grove. Almost all the flats are already occupied. Is it really necessary to order conveyancing searches for my conveyancing in Arnos Grove?
You are taking a significant risk in refusing to carrying out Arnos Grove conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would strongly advise in no uncertain terms that you have them. Where timings and price are top of your concerns you should discuss with your conveyancer about the options such as lack of search insurance available to you
In what way does my ID and proof of funds have anything to do with my conveyancing in Arnos Grove? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Arnos Grove conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
Under Money Laundering Regulations, conveyancers are duty bound to ascertain not simply the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this will lead to your lawyer terminating their retainer 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 notify the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I require fast conveyancing in Arnos Grove as I have a deadline to complete within 3 weeks. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you have the choice not to have searches conducted although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Arnos Grove the following are examples of what can arise and therefore affect market value: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
Is it possible to change firm as I need to find a firm on the Aldermore conveyancing list. I had appointed a high street conveyancing solicitor in Arnos Grove round the corner but she is not accepted by Aldermore
We will our best to assist in finding you a conveyancing solicitor in Arnos Grove on the Aldermore panel. Please note that the law firms that we list do not pay us a referral fee if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Arnos Grove. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Arnos Grove.
My husband and I are FTB’s - had an offer accepted, yet the selling agent advised that the owners will only go ahead if we use the agent's chosen lawyers as they want a ‘quick sale’. My instinct tells me that we should use a local conveyancer used to conveyancing in Arnos Grove
We suspect that the owner is not behind this demand. Should the owner desire ‘a quick sale', alienating a serious buyer is likely to cause more damage than good. Speak to the owners direct and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you will continue to instruct your own,trusted Arnos Grove conveyancing lawyers - not the ones that will earn the negotiator at the agency a kickback or hit his conveyancing figures demanded by senior management.
My 20yr old son is embarking on her first house purchase, the home loan was agreed last week in principle. When the seller agreed the offer on the house we called the bank to progress the mortgage application. We were disappointed to discover that mortgage companies do not accept all lawyer, they must be on their panel, is this correct?
Mortgage Companies normally imposes restrictions either the type or the number of conveyancing solicitors on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Arnos Grove lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.