Is the fact that my conveyancer in Coningsby is not on my lender's conveyancing panel that there is a problem with the standard of the firm’s work?
That would most likely be an incorrect assumption to make. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Coningsby conveyancing practice and enquire why they are no longer on the approved list for your lender.
In what way does my ID and proof of funds have anything to do with my conveyancing in Coningsby? Why is this being asked of me?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Coningsby. However these days you can not complete any conveyancing deal in the absence providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a utility bill. Please note that if you are providing your driving licence as proof of ID it needs to be both the paper element as well as the photo card part, one is not acceptable without the other.
Verification of your origin of money is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor must retain this information on record. Your Coningsby conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask further questions concerning the origin of monies.
we are a couple who decided to purchase a purpose built apartment in Coningsby with a homeloan from Accord Mortgages Ltd.We use our Coningsby conveyancing lawyer but Accord Mortgages Ltd advised that he's not on their "panel". we are left little option but to use a Accord Mortgages Ltd panel lawyer or keep our high street solicitor and fork out for a Accord Mortgages Ltd panel lawyer to act for them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, a common one being that solicitors must be on the Accord Mortgages Ltd approved list. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Accord Mortgages Ltd
Is it necessary to take out insurance to cover chancel repairs when buying a property in Coningsby?
Unless a previous purchase of the house completed after 12 October 2013 you may assume that solicitors conducting conveyancing in Coningsby to continue to suggest a chancel search and or chancel repair liability policy.
Completion is due on the sale of our £375,000 flat in Coningsby next week. The landlords agents has quoted £384 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Coningsby?
Coningsby conveyancing on leasehold apartments usually necessitates administration charges levied by landlords agents :
-
Addressing pre-contract questions
Where consent is required before sale in Coningsby
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Coningsby Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing
-
How many years remain on the lease? On the whole the outlay for major works are not included within maintenance charges, although there some managing agents in Coningsby obliged tenants to contribute towards a reserve fund and this is used to offset against major works. The best form of lease structure is if the freehold title is in the ownership of the leaseholders. In this scenario the lessees have control and although a managing agent is frequently retained if the building is larger than a house conversion, the managing agent acts for the leaseholders themselves.
How much experience do your Coningsby conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Coningsby conveyancing lawyers help thousands of people move home every year and helped plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Coningsby conveyancers have worked on recent similar matters.