What does my ID and proof of funds have anything to do with my conveyancing in Goodrich? Is this really necessary?
Goodrich conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).
Proof of source of funds is also required under the money laundering regulations as lawyers are obliged to ensure that the monies you are using to purchase a property (be it the exchange deposit or the total purchase amount where you are a cash purchaser) has come from legitimate source (such as employment savings) rather than the fruits of criminal activity.
We're in Goodrich, First time buyers buying with a mortgage (lender is Virgin Money , and our solicitor is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Are all Goodrich Conveyancing Quality Solicitors on the Santander conveyancing list of approved solicitors?
It is true that some lenders now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
Completion of my purchase has taken place for my property in Goodrich. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I am due to exchange contracts on my house. I had a double glazing fitted in March 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, HSBC are being problematic. The Goodrich solicitor who is on the HSBC conveyancing panel is recommending indemnity insurance as a solution but HSBC are requiring a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
We are buying a property and the solicitor has raised the issue of Chancel Repair for which the house may be obligated to contribute to because it falls into the area of such a church. She has mentioned insurance. Is this really necessary for conveyancing in Goodrich
Unless a previous acquisition of the house took place post 12 October 2013 you could assume that lawyers conducting conveyancing in Goodrich to continue to recommend a chancel search and or insurance against a claim.
Is it possible to switch conveyancer as I need to retain a firm on the Platform Home Loans Ltd conveyancing panel. I was using a family conveyancing solicitor in Goodrich five minutes from me but the firm is not accepted by Platform Home Loans Ltd
We will our best to assist in finding you a conveyancing solicitor in Goodrich on the Platform Home Loans Ltd panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Goodrich. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Goodrich.
My husband and I are FTB’s - had an offer accepted, but the estate agent has warned us that the seller will only issue a contract if we use the agent's chosen solicitors as they are insisting on a ‘quick sale’. We would rather use a local conveyancer used to conveyancing in Goodrich
We suspect that the seller is not behind this ultimatum. Should the owner desire ‘a quick sale', turning down a motivated purchaser is is going to put the whole deal at risk. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)however you intend to use your preferred Goodrich conveyancing solicitors - rather thanthe ones that will provide their negotiator at the agency a kickback or meet his conveyancing thresholds demanded by senior management.