In what way does my ID and proof of funds have anything to do with my conveyancing in Crickhowell? Is this really warranted?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Crickhowell. However these days you will not be able to complete any conveyancing deal if you have not supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Remember if you are providing your driving licence as proof of identification it must be both the paper part as well as the photo card part, one is not acceptable without the other.
Evidence of the source of funds is mandated in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor will need to retain this information on file. Your Crickhowell conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask additional queries regarding the origin of funds.
My partner and I have arranged the release of further funds on our mortgage from Coventry BS as we intend to carry out renovations to our property in Crickhowell. Do we need to appoint a nearby Crickhowell solicitor on the Coventry BS conveyancing panel to handle the paperwork?
Coventry BS would not normally require a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS list.
Completion of my remortgage has taken place for my property in Crickhowell. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
My offer was accepted on a house in Crickhowell on 23/9/2024, valuation was booked five days later, received a clean bill of health. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Nationwide and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nationwide conveyancing panel. Are Nationwide entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have been told that property searches are a common cause of obstruction in Crickhowell house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Crickhowell.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Crickhowell is where the house is located. What do you suggest?
Flying freeholds in Crickhowell are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crickhowell you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crickhowell may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
In my capacity as executor for the will of my uncle I am selling a house in Monmouth but live in Crickhowell. My solicitor (based 260 kilometers awayhas requested that I sign a stat dec before completion. Can you recommend a conveyancing lawyer in Crickhowell to attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are located in Crickhowell
Is there a reason that Crickhowell conveyancing costs differ for leasehold and freehold properties?
Leasehold conveyancing in Crickhowell more often than not will involve additional work such as reviewing the lease, liaising with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts amongst other tasks.