What does my ID and proof of funds have anything to do with my conveyancing in Fallowfield? What am I being asked for?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Fallowfield. Nowadays you will not be able to complete any conveyancing transaction in the absence submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a utility bill. Please note that if you are providing your driving licence as proof of identification it needs to be both the paper element and photo card part, one is not acceptable in the absence of the other.
Proof of your source of money is required under Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor must have this information on file. Your Fallowfield conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they will also ask additional questions concerning the source of monies.
What can a local search reveal concerning the house my wife and I purchasing in Fallowfield?
Fallowfield conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search is essential in every Fallowfield conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I decided to have a survey completed on a property in Fallowfield prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some lenders tend not grant a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Fallowfield. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I search for a Fallowfield solicitor on the Virgin Money conveyancing panel? I am a keen cyclist and am happy to travel upto 25kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please choose the lender and your location and you will see a number of Fallowfield conveyancing lawyers based on proximity. We have listed some Fallowfield conveyancing firms at the bottom of this page and you can call them to see whether they are on the Virgin Money approved list
Is it best to instruct a Fallowfield conveyancing solicitor based in the location that I am buying? We have a good friend who can perform the conveyancing however her office is over three hundred miles away.
The primary upside of using a high street Fallowfield conveyancing practice is that you can drop in to sign documents, present your identification documents and pester them where appropriate. Having local Fallowfield know how is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and they were impressed that must outweigh using an unfamiliar Fallowfield conveyancing lawyer just because they are Fallowfield based.
My solicitors in Fallowfield have advised me that they can not locate my conveyancing file. To assist with my purchase I took out a mortgage with the bank. Is it case that being on the bank conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the bank directly.