In what way does my ID and proof of funds have anything to do with my conveyancing in Keston? What am I being asked for?
Keston conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Bank Statement less than 3 months old).
Confirmation of source of monies is also necessary under the money laundering statutes as conveyancers are mandated to check that the money you are utilising to acquire a property (be it the exchange deposit or the full purchase price where you are a cash purchaser) has originated from a reputable source (such as employment savings) and is not the fruits of illegitimate activity.
My brother-in-law has suggested I instruct a conveyancing solicitor in Keston. I I would like to check whether they are accepted on the Norwich and Peterborough Building Society approved list of lawyers. Can you assist?
You should call your conveyancer and ask them whether they can act for the lender. Alternatively you can get in touch with Norwich and Peterborough Building Society who may be able to assist.
four months have elapsed since my purchase conveyancing in Keston concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Keston differ for newly converted properties?
Most buyers of new build residence in Keston approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Keston typically acquire 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 conveyancers 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 Keston or who has acted in the same development.
I have been advised by numerous property agents in Keston to get a quote from a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to offer your services over and above a competitor’s?
We refuse to make any commission for directing people our way. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
As co-executor for the will of my grandmother I am selling a residence in Neath but I am based in Keston. My solicitor (who is 300 miles awayrequires that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Keston to witness this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are Keston based