I am not well enough to travel far from Ickenham. What is the rationale as to why all Ickenham lawyers aren't included on all mortgage company panels?
Lenders point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. It led to mortgage companies pruning less reputable firms off their official list of approved conveyancing practitioners .
What does my ID and proof of funds have anything to do with my conveyancing in Ickenham? What am I being asked for?
To satisfy the Money Laundering Regulations any Ickenham conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing where you live.
Under Money Laundering Regulations, conveyancing solicitors are required to investigate not just the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this will lead to your lawyer 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 make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
I used Arc property Solicitors a few years ago for my conveyancing in Ickenham. Now, I need the documents however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Ickenham of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing a new build house in Ickenham with a mortgage from Lloyds TSB Bank. The builders would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not inform my lawyer about this deal as it would impact my mortgage with Lloyds TSB Bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the will of my aunt I am selling a residence in Cardiff but reside in Ickenham. My conveyancer (based 200 kilometers from meneeds me to sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Ickenham who can witness this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Ickenham based
My wife and I have chosen a Ickenham conveyancing solicitor for our home move (novice purchasers) and have picked up in the terms and conditions that they are not regulated by the Financial Conduct Authority. Need I be worried or is that standard with lawyer?
We can't see why they should be. Most property lawyer don't lend money. They should be regulated by the Solicitors Regulation Authority, who dictate specific rules regulating funds sitting in their bank.