In what way does my ID and proof of funds have anything to do with my conveyancing in Hednesford? What am I being asked for?
To satisfy the Money Laundering Regulations any Hednesford conveyancing firm will require proof of identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility account evidencing where you live.
In accordance with Money Laundering Regulations, conveyancers are duty bound to validate not only 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 lead to your lawyer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the relevant authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
The Hednesford conveyancing firm that I appointed last week on my house acquisition in Hednesford have suddenly closed. I only went with them because I needed a lawyer on the Co-operative conveyancing panel and my preferred Hednesford lawyer was not. I gave my credit card details for them to take £195 for searches. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
What does a local search inform me concerning the property my wife and I purchasing in Hednesford?
Hednesford conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search is essential in every Hednesford conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search will provide 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 13 subject areas.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, chain free conveyancing. Hednesford is the location of the property. Can you offer any advice?
Flying freeholds in Hednesford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hednesford you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hednesford may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to instruct a conveyancing practitioner in Hednesford for my remortgage. Can I review a solicitor's complaints history with the profession’s regulator?
Members of the public may find published Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find information Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training purposes.
We have been told by many family members to expect six to eight weeks for Hednesford conveyancing to complete.This was four weeks ago. The draft contract was only sent from the vendors lawyer a couple of days ago so now does it countdown?
No definitive time frame exists for conveyancing in Hednesford. Conveyancing is subject to many variable. Hednesford conveyancing searches alone may take some weeks before they are received.