Would the conveyancing practitioners listed on your site conduct auction conveyancing in Lanchester?
We know of a number of niche solicitors we can put you in touch with those who can conduct auction conveyancing. Lanchester is one of our areas of where our lawyers are based.
What does my ID and proof of funds have anything to do with my conveyancing in Lanchester? Is this really necessary?
In order to comply with Money Laundering Regulations any Lanchester conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you live.
In accordance with Money Laundering Regulations, property lawyers are obliged by law to investigate not simply 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 ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
I am purchasing a semi-detached house in Lanchester. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Lanchester you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Lanchester.
How does conveyancing in Lanchester differ for new build properties?
Most buyers of new build property in Lanchester come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because developers in Lanchester typically buy the real estate, 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 Lanchester or who has acted in the same development.
Is it best to instruct a Lanchester conveyancing lawyer based in the location that I am hoping to buy? I have an old university friend who can execute the conveyancing but his firm is located a couple of hundredmiles drive away.
The primary upside of using a local Lanchester conveyancing practice is that you can visit the firm to execute documents, present your ID and apply pressure on them where appropriate. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and in the main were happy that must outweigh using an unknown Lanchester conveyancing lawyer just because they are Lanchester based.
I have been recommended a conveyancing solicitor in Lanchester. I I would like to check if they are listed on the lender's conveyancing panel. Can you help?
You should call your conveyancer and ask them if they are on the bank's approved list. Alternatively please get in touch with us and we can make some checks for you. If they are not on the bank panel we we can help find a quality conveyancing solicitor in Lanchester on the approved list for your mortgage company.