A loan agreement from HSBC for the refinancing of my 4 bedroom garden flat is due imminently. Are you able to put forward a low cost conveyancing lawyer in Booker?
This site is not designed to help those in pursuit of cut-price fees for conveyancing solicitors in Booker. We can offer you affordable conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing organisations offering £100 conveyancing in Booker. In your best case scenario, in being led by cheap conveyancing, you will get your money’s worth and at worst it will result in you invoiced for additional fees and still not end up with the service expected.
We are approaching an exchange on a property in Booker and my mum and dad have transferred the ten percent deposit to my property lawyer. I am now told that as the deposit has not come from me my property lawyer needs to make a notification to my bank. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to hold matters up?
Your solicitor is obliged to clarify with the bank to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
What does my ID and proof of funds have anything to do with my conveyancing in Booker? Is this really necessary?
To satisfy the Money Laundering Regulations any Booker conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account showing where you reside.
In accordance with Money Laundering Regulations, property lawyers are required to ascertain not just the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer cancelling their relationship 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 appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
I am in the process of remortgaging my home in Booker, does my lawyer need to be on the Santander Solicitor panel?
There is nothing to stop you using your solicitor, but Santander will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I used Wolstenholmes several years ago for my conveyancing in Booker. I now require my file however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Booker of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Booker differ for newly converted properties?
Most buyers of new build or newly converted property in Booker contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Booker tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Booker or who has acted in the same development.