It has come to my attention via my estate agent that my Bishopsworth solicitor is not on the bank Solicitor panel. What can I do to be sure if this is correct?
The sensible course of action for you to take is to contact your Bishopsworth lawyer directly. You lawyer should inform you what has happened. Where they are not on the panel they may be able to suggest a Bishopsworth conveyancing firm that is on the approved list of lawyers for your bank.
In what way does my ID and proof of funds have anything to do with my conveyancing in Bishopsworth? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Bishopsworth. Nowadays you will not be able to complete any conveyancing process without first providing evidence of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Remember if you are supplying your driving licence as proof of ID it needs to be both the paper part as well as the photo card part, one is not sufficient in the absence of the other.
Evidence of your source of funds is required under Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer must retain this information on file. Your Bishopsworth conveyancing practitioner will require evidence of proof of funds prior to accepting any money from you into their client account and they will also ask further questions concerning the source of monies.
Do I need to attend the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Bishopsworth so that I can pop in to their offices if necessary.
These days conveyancing panel lawyers for lenders conduct their communications through Royal Mail, e-mail or over phone calls. This means that they can undertake the conveyancing transaction no matter where you live in the country. Nevertheless you should see if you have the option of going to the offices of your conveyancing lawyer if needed.
About to purchase a new build apartment in Bishopsworth. Conveyancing is necessary evil 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 legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Bishopsworth
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Bishopsworth is the location of the property. Is there any advice you can give?
Flying freeholds in Bishopsworth are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bishopsworth you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bishopsworth may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Some weeks ago I was informed by my bank that their panel solicitors operate no sale no fee basis for conveyancing in Bishopsworth. My purchase did not proceed yet the lawyers have requested search fees! They are claiming that the fees are nothing to do with their fees!
in offering "no move no fee" Bishopsworth conveyancing firms are waiving their charges for any work carried out. We must stress this is not to be regarded as an insurance scheme. Disbursements aren’t covered – where the property lawyer have to pay money out to independent parties, for example Bishopsworth local search fees