What does my ID and proof of funds have anything to do with my conveyancing in Ashby de la Zouch? What am I being asked for?
To satisfy the Money Laundering Regulations any Ashby de la Zouch conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you reside.
Under Money Laundering Regulations, conveyancing solicitors are obliged by law to validate 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 result in your solicitor ending 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 inform the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
How do I investigate if the solicitor conducting my conveyancing in Ashby de la Zouch is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for The Royal Bank of Scotland thus spending £187.00 plus VAT in further legal fees.
Please do make the most of the search tool on this site. Please choose the lender and type ‘Ashby de la Zouch’ or your preferred area and you will discover numerous solicitors located in Ashby de la Zouch or nearest you.
How can we know in advance if a Ashby de la Zouch conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Ashby de la Zouch obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer handling your transaction.
I had a mortgage agreed in principle with RBS. Ashby de la Zouch conveyancing lawyers were selected. What is the average time that one could expect to receive a mortgage offer from RBS?
Some lenders take longer than others. Have RBS conducted the survey? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am due to exchange contracts on my house. I had a double glazing fitted in August 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, HSBC are being difficult. The Ashby de la Zouch solicitor who is on the HSBC conveyancing panel is happy to accept ‘lack of building regulation’ insurance but HSBC are requiring a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I'm purchasing a new build house in Ashby de la Zouch with a mortgage from HSBC Bank. The builders would not move on the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not inform my solicitor about this deal as it could jeopardize my loan with the bank. Is this normal?.
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.
I am looking for a conveyancing solicitor in Ashby de la Zouch for my purchase. Is there any facility to see a firm’s complaints history with the legal regulator?
You can search for documented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.
New build sellers have suggested I use a conveyancer and I've obtained a quote from them. It's nearly £250 less expensive than my local Ashby de la Zouch solicitor. Should I use them?
Developers frequently have lists of conveyancing practitioners who are quick and who know the developer’s documentation and conveyancer. Plenty of developers offer an inducement to select their approved property lawyer for this reason, any increased charges can be avoided and a developer will not suggest a conveyancing warehouse and run the risk of having the transaction stall when they want exchange within a tight time frame. The argument for not opting for the recommended property lawyer is that they may be unwilling to fight for your interests for fear of upsetting the housebuilder. Where you have concerns that this may be the situation you should remain with your high street Ashby de la Zouch conveyancing practitioner.