My IFA says he needs my Custom House law firm’s panel reference for the HSBC conveyancing panel. How do I discover this. I have contacted my local Custom House office but they don't know it.
The sensible thing to do is ask for this information from your Custom House solicitor . They retain a central record lender panel numbers.
In what way does my ID and proof of funds have anything to do with my conveyancing in Custom House? Is this really necessary?
In order to comply with Money Laundering Regulations any Custom House conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you live.
In accordance with Money Laundering Regulations, conveyancers are required to ascertain not only the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. An unwillingness to disclose this may lead to your lawyer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to make a disclosure to the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel conveyancer as I would much rather use a high street conveyancing solicitor in Custom House?
Do check but the the probability is that appoint one of their panel solicitors if you want the "fee-free" deal. Speak to the mortgage company to see if they offer you a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Custom House.
Is it correct that all Custom House CQS (Conveyancing Quality Scheme) solicitors are on the Santander conveyancing list of approved practices?
A selection of lenders now make use of CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Can you point me to a directory of Nationwide panel solicitors in Custom House on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings available over the internet. If you are looking for a Custom House conveyancing practitioner on the Nationwide please use our facility.
We were going to get a AIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Custom House solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Custom House solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Custom House is where the house is located. What do you suggest?
Flying freeholds in Custom House are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Custom House you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Custom House may determine 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 premises.
My husband and I are 14 days into a leasehold purchase having been referred to conveyancers by the estate agent to carry out the conveyancing in Custom House. We are not happy. Can you help me find new lawyers?
A lawyer would have to be very bad to suggest diss instructing them. Has the loan offer been generated? In the event that it has you must make them aware of the replacement conveyancer and ensure the offer are re-issued. Your new solicitor ideally should be on the lenders panel to avoid supplemental costs and delays. That should be your starting point. Our find a solicitor tool can assist you in finding a bank approved conveyancer for your conveyancing in Custom House