In what way does my ID and proof of funds have anything to do with my conveyancing in Empingham? Is this really warranted?
Empingham conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under money laundering regulations to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).
Confirmation of the origin of monies is also necessary in accordance with the money laundering regulations as conveyancers are required to investigate that the monies you are utilising to acquire a property (be it the exchange deposit or the full purchase monies if you are buying mortgage free) has come from a reputable source (such as employment savings) as opposed to the product of criminal activity.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Empingham?
There are many registered licenced Conveyancers in Empingham and Solicitor partnerships in Empingham who provide Conveyancing services It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. The two can conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
We previously appointed conveyancing lawyers based in Empingham on the Clydesdale solicitor approved list. They have just invoiced me an additional charge for handling the Clydesdale mortgage. Is this a supplemental conveyancing fee set by Clydesdale?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your property lawyer may levy a fee for this. The fee is not dictated by Clydesdale but by your Empingham conveyancing practitioner. Plenty of firms on the Clydesdale panel will charge an ‘acting for lender’ fee and others do not.
The formalities of my purchase has taken place for my property in Empingham. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I require expedited conveyancing in Empingham as I am faced with an ultimatum to sign on the dotted line within 4 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you are at free not to have searches conducted although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Empingham the following are examples of issues that can be revealed and adversely impact market value: Enforcement Actions, Overdue Charges, Outstanding Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly identified during conveyancing in Empingham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Empingham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the advice of my in-laws I had a survey completed on a property in Empingham prior to appointing solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some lenders will refuse to grant a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Empingham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Empingham to see if the conveyancing costs will increase in light of this.
In surfing the internet for the words on line conveyancing in Empingham it brings up many conveyancersin the vicinity. With so much choice what is the best way to find the right property lawyer for the sale of my house?
The best way of choosing the right conveyancer is through a personal recommendation, so seek the counsel of colleagues and family who have bought a property in Empingham or a local estate agent or mortgage broker. Costs for conveyancing in Empingham vary, so it's advisable to obtain a minimum of three fee calculations from varying types of companies. Dont forget to clarify what costs in the quote includes.