Is the fact that my conveyancer in Ditchling is not identified on my lender's conveyancing panel that there is a problem with the quality of her conveyancing?
That is most likely an incorrect assumption to make. There are plenty of plausible explanations. A recent report by the solicitors regulator revealed 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) lack 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. Should you be concerned you should simply call the Ditchling conveyancing firm and enquire why they are no longer on the approved list for your bank.
What does my ID and proof of funds have anything to do with my conveyancing in Ditchling? Why is this being asked of me?
Ditchling conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under money laundering regulations to verify the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no older than three months).
Evidence of source of funds is also required under the money laundering statutes as solicitors are obliged to ensure that the money you are using to buy a property (whether it be the deposit for exchange or the full purchase monies if you are buying mortgage free) has come from a reputable source (such as employment savings) and is not the product of criminal behaviour.
We hope to to purchase with Norwich and Peterborough Building Society. I called into 3 or 4 high street firms yet cant to find a Ditchling conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you help?
You should take advantage of the search tool on this page. Pick the building society and type Ditchling or your location and you will discover numerous conveyancers offices in Ditchling or nearest you.
Should my lawyer be raising enquiries regarding flooding during the conveyancing in Ditchling.
Flooding is a growing risk for lawyers specialising in conveyancing in Ditchling. Plenty of people will acquire a property in Ditchling, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, however there are a number of checks that may be initiated by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Ditchling. The standard completed inquiry forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the seller to find out whether the premises has suffered from flooding. If flooding has previously occurred and is not revealed by the seller, then a buyer could issue a compensation claim as a result of such an inaccurate answer. The purchaser’s solicitors may also order an environmental report. This will reveal if there is a recorded flood risk. If so, more detailed investigations should be made.
I am using a search engine for the words cheap conveyancing in Ditchling it brings up many solicitorslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for me?
The preferential way of finding a suitable conveyancer is through a personal recommendation, so seek the counsel of friends and relatives who have acquired a property in Ditchling or a respected estate agent or mortgage broker. Charges for conveyancing in Ditchling differ, so it's sensible to request a minimum of four costs illustrations from different companies. Make sure that you clarify what costs in the quote includes.
I have been recommended a conveyancing solicitor in Ditchling. I need to find out if they are on the bank's conveyancing panel. Can you help?
One option is to phone the conveyancer and ask them if they are on the bank's approved list. Alternatively please call us and we can investigate and revert. If they are not on the bank panel we we can help find a quality conveyancing solicitor in Ditchling on the panel for your lender.