In what way does my ID and proof of funds have anything to do with my conveyancing in Highams Park? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Highams Park conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing your correct address.
Under Money Laundering Regulations, conveyancing solicitors are obliged by law to check not just the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this will lead to your solicitor cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to inform the appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I just acquired a house at auction in Highams Park. Conveyancing is necessary. What happens now?
Now that you are legally committed yourself to purchase you now have to hire the services of a conveyancing lawyer as a matter of urgency as you will have a tight a drop dead date to complete the purchase. An auction property will ordinarily have a corresponding legal pack. This will include evidence of title and search results. Where you are dealing with leasehold premises the conveyancing papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to leasehold premises. You need to give this to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
We had instructed conveyancers locally in Highams Park on the Aldermore solicitor approved list. They have just billed me a separate fee for the legal aspects of the Aldermore mortgage. Is this a supplemental conveyancing fee specified by Aldermore?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your conveyancing practitioner can levy a fee for this. The charge is not dictated by Aldermore but by your Highams Park conveyancing practitioner. Numerous firms on the Aldermore panel will quote an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
I recently had an offer agreed on an apartment in Highams Park. My mortgage broker suggested a solicitor. I paid an upfront payment of £225. Not long after, the lawyer contacted me sheepishly admitting that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How does conveyancing in Highams Park differ for newly converted properties?
Most buyers of new build residence in Highams Park contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Highams Park tend to buy the site, 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 property lawyers 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 Highams Park or who has acted in the same development.
How easy is it to switch conveyancer as I need to instruct one who is on the The Mortgage Works conveyancing list. I hired a local conveyancing solicitor in Highams Park five minutes from me but the firm is not approved by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Highams Park on the The Mortgage Works panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Highams Park. In utilising search facility on this site, you can contrast fees for conveyancing solicitors in Highams Park and beyond.
We're first time buyers - agreed a price, but the estate agent has warned us that the owners will only move forward if we use the agent's chosen solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a local conveyancer used to conveyancing in Highams Park
It is highly unlikely the sellers are driving this. Should the owner desire ‘a quick sale', turning down a serious purchaser is counter productive. Bypass the agents and go straight to the owners and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to use your own,trusted Highams Park conveyancing solicitors - not the ones that will give their negotiator at the agency a commission or hit his conveyancing targets pre-set by HQ.
I am buying a leasehold property in Highams Park. Conveyancing estimates are averaging around £1650. Does that seem right?
The average cost last year for conveyancing in Highams Park was just over one thousand four hundred and fifty pounds not including Stamp Duty and HM Land Registry fees.