Why would one instruct a Bungay conveyancing firm when web based alternatives are less overpriced?
By all means make sure that you scrutinise conveyancing costs in Bungay and you should seek a competitive quote but don’t waste your energy sourcing the cheapest Bungay conveyancer. Locating the right conveyancer can mark the distinction between a smooth and a frustrating house move. You need to ensure that you have expert guidance from an experienced lawyer. An e-mail can never take the place of a telephone conversation and can never replicate a face to face meeting. Our partner firms will find you a qualified and experienced conveyancing solicitor that will handle your conveyancing from from the outset to completion, providing a level of hand holding that you rarely receive from an internet conveyancer. Our lawyers will contact you regularly to update you as to any developments and keep you informed. Should you need to contact the firm you will be sure who you need to speak to and we'll endeavour to make sure that you're not left wondering what's going on.
In what way does my ID and proof of funds have anything to do with my conveyancing in Bungay? Is this really necessary?
Bungay conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).
Proof of source of monies is also necessary under the money laundering laws as solicitors have a duty to check that the funds you are using to purchase a property (be it the exchange deposit or the total purchase monies where you are buying mortgage free) has come from an acceptable source (such as employment savings) as opposed to the fruits of criminal activity.
We just had an offer accepted to purchase with Earl Shilton BS. I dropped in a couple of high street practices yet am struggling to find a Bungay conveyancing firm on the Earl Shilton BS panel. Could you help?
Feel free to take advantage of the find a lender approved solicitor tool on this site. Please choose the mortgage company and type Bungay or your location and you will discover a number of lawyer located in Bungay or by proximity to you.
Is it the case that all Bungay conveyancing solicitors on the UBS conveyancing panel are governed by the SRA?
As solicitors, in order to be on the UBS approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Some lenders do list licenced conveyancers on their panel in which case such practice would be governed by the CLC.
My fiancee and I are in the process of viewing flats in Bungay and I am about to put in an offer. Should I already have a conveyancer in place at this point? I will be getting a mortgage with Yorkshire BS.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. Given that you are getting a mortgage with Yorkshire BS, make sure you remember to check that your lawyer is on the Yorkshire BS conveyancing panel.
The mortgage over my property is with Leeds Building Society for my property in Bungay. Conveyancing has been completed a year ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Leeds Building Society?
You must advise Leeds Building Society before renting your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. It should not be necessary to do this via a Leeds Building Society conveyancing panel firm.
We are intent on selling our property in Bungay and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any high street Bungay lawyer would know this is not the case. It does beg the question why the buyers instructed an internet conveyancing practice rather than a conveyancing solicitor in Bungay. We have lived in Bungay for many years we know that this is a non issue. Is it a good idea to contact our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I have today placed an offer on an apartment in Bungay and the mortgage adviser that we are dealing with recommended his lawyer. He quoted £900 plus VAT and 3rd party costs. Does this sound steep?
You should not rely on a single estimate. You should obtain like-for-like quotes for your conveyancing in Bungay. Then pick one that you trust and crucially, is on the approved panel of the mortgage company that you have applied for a mortgage from.