What does my ID and proof of funds have anything to do with my conveyancing in Chobham? What am I being asked for?
Chobham conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill no older than three months).
Evidence of the origin of monies is also required in compliance with the money laundering regulations as lawyers are mandated to ensure that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase amount if you are buying without a mortgage) has originated from legitimate source (such as employment savings) as opposed to the fruits of illegitimate behaviour.
Please explain the implications if my lawyer’s firm is expelled from the Coventry BS Solicitor panel ahead of completing my conveyancing in Chobham?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
When it comes to lenders such as Clydesdale, do Chobham conveyancers face a fee to be on the list of approved solicitors?
We are not aware of any bank fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Does a directory service exist listing TSB panel solicitors in Chobham on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings viewable online. Where you are seeking to appoint a Chobham conveyancing practitioner on the TSB please use our tool.
I have paid off my mortgage with Clydesdale. I assume I don't need a Chobham solicitor on the Clydesdale panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Clydesdale mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Clydesdale mortgage from the register. Clydesdale, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Clydesdale has sent the Land Registry the discharge electronically, and
- Clydesdale has instructed the Land Registry to do so
I understand that there are debates on Chancel Insurance on online forums. Do I require this when acquiring a property in Chobham? or Apparently there is a law dating back centuries that means some house owners living in a parish church boundary will be compelled to contribute towards maintenance towards the chancel within the church. Is this relevant for conveyancing in Chobham?
Unless a prior purchase of the premises took place post 12 October 2013 you can take it that lawyers carrying out conveyancing in Chobham to continue to advocate a chancel search and or chancel repair liability policy.
In searching the world wide web for the phrase conveyancing in Chobham it brings up many property lawyerslocally. How do I determine which is the suitable property lawyer for purchase transaction?
The preferential method of finding a suitable conveyancer is via personal recommendation, so ask friends and family who have bought a property in Chobham or the respected estate agent or mortgage broker. Charges for conveyancing in Chobham vary, so it's advisable to request a minimum of four estimates from different law firms. Make sure that you clarify that the charges are guaranteed not to increase.
What type of property do your Chobham conveyancing estimates apply to?
The quotes supplied are only appropriate to standard domestic homes in England & Wales. Where you have any different requirements for instance industrial or agricultural land or commercial conveyancing in Chobham do contact us to consider this further .