I have just been advised by my estate agent that my Caversham the law firm I have appointed is not on the lender Solicitor panel. How can I be sure that this is correct?
You need to contact your Caversham lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
In what way does my ID and proof of funds have anything to do with my conveyancing in Caversham? Is this really necessary?
It is indeed that case that these requests have nothing to do with conveyancing in Caversham. However these days you can not proceed with any conveyancing deal in the absence submitting evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are providing your driving licence as evidence of identification it needs to be both the paper section as well as the photo card part, one is not satisfactory without the other.
Evidence of your source of money is mandated in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor must retain this information on record. Your Caversham conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask additional queries concerning the origin of funds.
Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Caversham so that I can attend their offices when needed.
Whereas this was necessary 12 years ago, most mortgage companies no longer need their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to provide ID documents and there are still distinct advantages to choosing a locally based solicitor, in your situation a conveyancing solicitor in Caversham.
I opted to have a survey carried out on a house in Caversham prior to retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor advised that some mortgage companies will not grant a loan on a flying freehold house.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Caversham. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I better off to choose a Caversham conveyancing lawyer based in the area that I am hoping to buy? An old friend can handle the conveyancing however his firm is located 200kilometers away.
The primary upside of using a high street Caversham conveyancing firm is that you can drop in to sign paperwork, deliver your identification documents and pester them if necessary. They will also have local insight which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If if people you trust used your friend and they were impressed that should surpass using an unfamiliar Caversham conveyancing solicitor just because they are round the corner.
What type of property do your Caversham conveyancing estimates relate to?
Our conveyancing quotes are only appropriate to standard domestic premises in England & Wales. Should you have any different needs such as industrial or agricultural property or commercial conveyancing in Caversham do telephone us to consider this further .