Unfortunately I am unable to travel far from Camberley. I would like to know the logic why all Camberley conveyancing practitioners are not on all mortgage company panels?
Banks ordinarily impose restrictions on either the type or the number of conveyancing practices on their panel. A common example of such restriction(s) being that a organisation must have two or more partners. As well as restricting the nature of firm, some banks for instance HSBC made a decision to restrict the size of their panel they use to act for them. You should note that building societies have no responsibility for the accuracy of conveyancing given by any Camberley lawyer on their approved list. Increases in mortgage fraud was the primary trigger for the culling of solicitor panels in the last decade notwithstanding that there are contrary views concerning whether solicitors sat at the center of that fraud. Data from HMLR exposes that thousands of conveyancing practices only transact one or two conveyances annually. Those vindicating conveyancing panel consolidation question why conveyancing firms should have claim to be on a lender panel when clearly conveyancing is not their speciality?
What does my ID and proof of funds have anything to do with my conveyancing in Camberley? Is this really necessary?
To satisfy the Money Laundering Regulations any Camberley 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 evidencing where you reside.
Under Money Laundering Regulations, property lawyers are required to validate not only the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to inform the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
My colleague recommended that if I am buying in Camberley I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Camberley conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Camberley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Camberley.
How does conveyancing in Camberley differ for new build properties?
Most buyers of new build premises in Camberley contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Camberley typically acquire the site, 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 Camberley or who has acted in the same development.
I am selling my home. My past solicitors has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Camberley if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Camberley. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.