In what way does my ID and proof of funds have anything to do with my conveyancing in Castleton? Why is this being asked of me?
Castleton conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty 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 are required to disclose two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement less than 3 months old).
Confirmation of source of funds is also required under the money laundering regulations as lawyers are required to check that the monies you are utilising to acquire a property (be it the exchange deposit or the full purchase monies where you are buying mortgage free) has come from an acceptable source (such as an inheritance) as opposed to the proceeds of illegitimate behaviour.
We're in Castleton, First timers buying with a mortgage (lender is Bank of Ireland , and our solicitor is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I used Stirling Law several years ago for my conveyancing in Castleton. Now, I need the documents however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate 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 Castleton of the conveyancing firm of solicitors you previously used, 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 Castleton differ for newly converted properties?
Most buyers of new build or newly converted property in Castleton come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in Castleton usually purchase 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 conveyancing solicitors 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 used to new build conveyancing in Castleton or who has acted in the same development.
My step-father has suggested that I instruct his conveyancers in Castleton. Should I find my own conveyancer?
Much as we are happy to recommend a Castleton conveyancing lawyer the ideal way to find a conveyancing solicitor is to have referrals from friends or relatives who have actually used the firm that you are contemplating using.
Being a leasehold owner I am liable for a maintenance contribution for my flat in Castleton. As a result of poor financial planning I fell into arrears with payments. I negotiated a clearance schedule but there is still around £1750 outstanding at the current time.
I want to sell and I am panicking this may hold me back if I have to settle the arrears in advance. I'd like to sell up and then pay them back with the completion monies - is this viable?
Your conveyancing practitioner should be able to negotiate with the management company, with a new to seeing if they would accept settlement out of the sale proceeds. Here is indicative of why it is sensible to choose a conveyancer in Castleton as they may well have a strong line of communication with the management company.