We are nearing an exchange on a flat in Brockenhurst and my parents have sent the ten percent deposit to my solicitor. I am now advised that as the deposit has not arrived from me my conveyancing practitioner needs to make a notification to my lender. 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 informed the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The solicitor is legally required to check with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank 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 Brockenhurst? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Brockenhurst conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
Under Money Laundering Regulations, conveyancing solicitors are obliged by law to check not only the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. An unwillingness to disclose this will lead to your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
If you had a top tip for choosing a conveyancing solicitor in Brockenhurst what would it be?
Do not opt for the cheapest Brockenhurst conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
A colleague pointed out to me me that in buying a property in Brockenhurst there could be a number of restrictions affecting the ability to carry out external alterations to the property. Is this right?
There are anumerous of properties in Brockenhurst which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Brockenhurst should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Brockenhurst solicitor firms on the Coventry BS conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Coventry BS conveyancing panel they would need to be governed by the SRA. Some mortgage companies do list licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.
Do commercial conveyancing searches disclose planned roadworks that may impact a commercial estate in Brockenhurst?
Many commercial conveyancing solicitors in Brockenhurst will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Brockenhurst. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Brockenhurst.
For each commercial conveyancing transaction in Brockenhurst it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Brockenhurst commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Brockenhurst.
What does commercial conveyancing in Brockenhurst cover?
Brockenhurst conveyancing for business premises incorporates a broad array of services, offered by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am looking for a conveyancing solicitor in Brockenhurst for my house move. Is it possible to review a solicitor's complaints history with the profession’s regulator?
You can read published Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator may monitor call for training purposes.