Much to our surprise we have been notified by our mortgage broker that my Fillongley solicitor is not on the lender Conveyancing panel. How can I check?
Your first step should be to contact your Fillongley conveyancer. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
My grandson is buying a house that has just been built in Fillongley with a mortgage from Santander. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Santander conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
In what way does my ID and proof of funds have anything to do with my conveyancing in Fillongley? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Fillongley conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing where you reside.
Under Money Laundering Regulations, conveyancers are duty bound to investigate not just the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to notify the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
How does conveyancing in Fillongley differ for new build properties?
Most buyers of new build or newly converted property in Fillongley contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is finished. This is because new home sellers in Fillongley usually purchase the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in Fillongley or who has acted in the same development.
What is different about your site and other web based conveyancing solicitors when it comes to conveyancing in Fillongley?
At this site obtain an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Fillongley. As opposed to estate agents and many comparison sites we do not charge firms a fee if you choose them for your conveyancing in Fillongley
Why can't I complete my conveyancing in Fillongley on May bank holiday?
This is due to the fact that on completion the funds will be transferred electronically between the banks of the purchaser and owner’s conveyancer and at present this can only occur on a working day. It is not possible to complete on a saturday or sunday either.