What does my ID and proof of funds have anything to do with my conveyancing in Buckfastleigh and Dean? Is this really necessary?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Buckfastleigh and Dean. Nowadays you will not be able to proceed with any conveyancing process if you have not supplying evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as proof of ID it must be both the paper element as well as the photo card part, one is not acceptable without the other.
Verification of your source of monies is required in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor will need to have this information on record. Your Buckfastleigh and Dean conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask further questions concerning the source of monies.
Our mortgage company has recommended a law firm on their panel based in Buckfastleigh and Dean but I would rather choose a conveyancing lawyer in Buckfastleigh and Dean round the corner to me. Can you assist?
It is by no means the case that all Buckfastleigh and Dean conveyancing practices are approved and listed on all lender’s conveyancing panel. Please make use of the above find an approved solicitor tool to find a Buckfastleigh and Dean conveyancing solicitor on the on the lender panel.
What can a local search inform me concerning the house my wife and I buying in Buckfastleigh and Dean?
Buckfastleigh and Dean conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search plays a central part in most Buckfastleigh and Dean conveyancing purchase; as long as you don’t want any nasty surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
five months have gone by following my purchase conveyancing in Buckfastleigh and Dean took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to instruct a conveyancing practitioner in Buckfastleigh and Dean for my house move. Is it possible to check a solicitor's record with the profession’s regulator?
You can find documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator could monitor call for training reasons.
Our solicitor in Buckfastleigh and Dean has discovered a a problem with the lease for the property we are buying in Buckfastleigh and Dean. The other side have put forward title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that as he is on the lender conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the bank?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Buckfastleigh and Dean conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. The appropriate lender requirements must be adhered to by the mortgage company conveyancing panel who has to balance acting for you and the lender