I am getting a mortgage with Lloyds. My intention is to employ the services of a Licensed Conveyancer in Esher and Claygate. Does the Lloyds Conveyancing panel allow for conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
In what way does my ID and proof of funds have anything to do with my conveyancing in Esher and Claygate? Is this really warranted?
Esher and Claygate conveyancing solicitors and indeed property lawyers accross 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 identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Confirmation of source of funds is also required in accordance with the money laundering statutes as lawyers have a duty to investigate that the money you are using to purchase a property (whether it be the deposit for exchange or the full purchase monies where you are buying without a mortgage) has come from a reputable source (such as an inheritance) and is not the fruits of illegitimate behaviour.
My Solicitor in Esher and Claygate is not on the Barclays Direct Approved Panel. Is it possible for me to use my family solicitor notwithstanding that they are excluded from the Barclays Direct approved list?
The limited options available to you here include:
- Complete the purchase with your preferred Esher and Claygate solicitors but Barclays Direct will need to use a lawyer on their panel. This will result in additional overall legal charges and result in frustration.
- Find an alternative practitioner to to deal with the purchase, obviously checking they are Barclays Direct approved.
- Persuade your Barclays Direct solicitor to seek to join the Barclays Direct panel
My wife and I are purchasing a house in Esher and Claygate. It might be a silly question but how we can trust a solicitor? At some point we will need to send our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I'm the single beneficiary of my late mum's will with all property in now in my sole name, including the house in Esher and Claygate. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I understand that there is a CML six month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the property in March. Will no one buy the property for half a year?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. many mortgage companies would take a practical view as this requirement chiefly exists to pick up on subsales or the flipping of property.
is it true that all Esher and Claygate solicitor firms on the Santander conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Santander approved list of solicitors they would need to be governed by the SRA. Some mortgage companies do permit licenced conveyancers on their panel in which case such firms would be regulated by the CLC.
I am looking for a flat up to £235,500 and identified one round the corner in Esher and Claygate I like with a park and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Esher and Claygate suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years may be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
My husband and I are new on the property ladder - had an offer accepted, but the agent told us that the seller will only proceed if we instruct the agent's recommended solicitors as they want a ‘quick sale’. We would rather use a high street solicitor accustomed to conveyancing in Esher and Claygate
We suspect that the seller is unaware of this demand. Should the vendor desire ‘a quick sale', turning down a genuine purchaser is is going to put the whole deal at risk. Avoid the agents and go straight to the sellers and make sure they comprehend that (a)you are serious purchasers (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Esher and Claygate conveyancing solicitors - as opposed tothose that will give the estate agent a commission or hit his conveyancing thresholds pre-set by head office.