Am I correct in assuming that the fact that my conveyancer in Dorridge is not listed on my bank's solicitor panel that there is a problem with the quality of his conveyancing?
That is most likely a wrong assumption to make. There are all sorts of perfectly reasonable 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. If you are concerned you should simply call the Dorridge conveyancing firm and ask them why they are no longer on the approved list for your bank.
In what way does my ID and proof of funds have anything to do with my conveyancing in Dorridge? What am I being asked for?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Dorridge. However these days you will not be able to proceed with any conveyancing deal without first supplying evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are supplying your driving licence as evidence of identification it needs to be both the paper section and photo card part, one is not acceptable in the absence of the other.
Proof of your source of monies is required under Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer will need to retain this information on file. Your Dorridge conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask further queries concerning the origin of funds.
My friend recommended that where I am buying in Dorridge I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Dorridge conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Dorridge around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Dorridge Education with maps and statistics, Local Amenities and other useful data concerning Dorridge.
How does conveyancing in Dorridge differ for new build properties?
Most buyers of new build property in Dorridge come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Dorridge usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Dorridge or who has acted in the same development.
My partner has recommend that I instruct his lawyers for conveyancing in Dorridge. Should I find my own solicitor?
Much as we are happy to recommend a Dorridge conveyancing lawyer the best way to find a conveyancing lawyer is to have feedback from friends or relatives who have used the solicitor you're contemplating using.
How much experience do your Dorridge conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Dorridge conveyancing lawyers help thousands of people move home every year and helped lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Dorridge conveyancers have worked on recent similar cases.