We hired a local lawyer for our conveyancing in Kentish Town recently. Upon checking the Terms I notewe are responsible for fees even if our purchase aborts. Should I go with them or choose an on-line firm promising no completion no cost conveyancing in Kentish Town?
Generally there is a compromise along the lines that if "No Sale No Fee" is advertised then the fee levels will tend to be be more expensive to offset the transactions that do not go ahead. You should be mindful that these deals rarely cover expenditure for example Kentish Town conveyancing search expenses.
In what way does my ID and proof of funds have anything to do with my conveyancing in Kentish Town? Is this really necessary?
To satisfy the Money Laundering Regulations any Kentish Town conveyancing firm will require evidence of your identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, property lawyers are obliged by law to check not simply the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this may result in 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 are duty bound to make a disclosure to the relevant authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
Despite weeks of looking the Title Certificate and documents to my property are lost. The lawyers who dealt with the conveyancing in Kentish Town 10 years ago have long since closed. What are my options?
As long as you have a registered title the information relating to your proprietorship will be retained by HMLR under a Title Number. It is easy to execute a search at the Land Registry, find your house and get up to date copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will in most cases retain a certified copy of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
How does conveyancing in Kentish Town differ for new build properties?
Most buyers of new build or newly converted property in Kentish Town contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Kentish Town usually purchase 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 Kentish Town or who has acted in the same development.
Should I be wary about estate agents that I am dealing with are suggesting a national conveyancing firm rather than a High Street Kentish Town conveyancing company?
As is the case with many service providers, often suggestions from relatives can be worth their weight in gold. But there are many players in a conveyancing transaction; estate agents, mortgage brokers and banks might all put forward conveyancers to retain. Sometimes these lawyers might be known to one of the organisations as being good in their field, but sometimes there is an underlying financial incentive behind the endorsement. You have the right to select your own lawyer. However, bear in mind that some mortgage providers specify a panel list of law firms you have to use for the lender related work in your home move.
I am thinking of appointing a conveyancing lawyer in Kentish Town for my home move. Can I check a firm’s complaints history with the legal regulator?
Anyone may read presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training requirements.