What does my ID and proof of funds have anything to do with my conveyancing in Leven? Is this really warranted?
Leven conveyancing solicitors and indeed property lawyers accross the UK have a duty under money laundering regulations to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).
Evidence of source of monies is also necessary under the money laundering regulations as conveyancers are required to ensure that the monies you are utilising to buy a property (whether it be the deposit for exchange or the total purchase monies if you are a cash purchaser) has come from legitimate source (such as employment savings) and is not the product of criminal activity.
I had intended to instruct a conveyancing solicitor in Leven for our house purchase. Our broker informed us that our mortgage company Halifax won't deal with them. Surely this is unfair competition?
Pre- 2008 most banks had a different appetite for risk. Almost all Leven conveyancing firms would have been on many bank panels. The financial services regulator in 2010 carried out a thematic investigation into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more data from law firms concerning their operations and the individuals who work for them and establishing certain criteria such a completing on a minimum volume of transactions. Many Leven conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Leven is one of the many locations where the conveyancers we recommend are are approved Halifax.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Leven is the location of the property. Can you shed any light on this issue?
Flying freeholds in Leven are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Leven you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leven may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am looking to sell my property. My previous lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Leven if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Leven. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I need to find a conveyancing solicitor for purchase conveyancing in Leven. I happened to stumble across a site which appears to be the perfect solution If there is a chance to get all this stuff completed via web that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Do online conveyancing organisations undertake everything a local Leven solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Leven?
Where you use an online conveyancer they should undertake all the things your Leven conveyancer would cover.