What does my ID and proof of funds have anything to do with my conveyancing in Liphook? Is this really necessary?
In order to comply with Money Laundering Regulations any Liphook conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing where you live.
In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to investigate not simply the identity of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this may result in your conveyancer 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 inform the appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
The Liphook conveyancing solicitors that just started acting on my purchase in Liphook have suddenly closed. They were on acting for me because I needed a firm on the Barclays conveyancing panel and my family Liphook lawyer was not. I wrote them a cheque for £250 in advance. What should be my next steps?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Barclays conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
I'm the single recipient of my late mum's will with all property in now in my sole name, including the house in Liphook. Conveyancing formalities meant that the Land Registry date was in February. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be treated the same way as though I had purchased the house in February. Will no one buy the property for half a year?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this provision primarily exists to capture the purchase and immediately sell or the quick reselling of properties.
Does a directory service exist listing UBS panel conveyancers in Liphook on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association websites. A small selection of banks make their panel listings available on the web. If you are seeking to appoint a Liphook solicitor on the UBS please make the most of our tool.
Completion of my remortgage has taken place for my property in Liphook. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
2 months have elapsed following my purchase conveyancing in Liphook completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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.
Hoping to buy a property located in Liphook and I am already nervous. I couldn't find anything specific about Liphook. Conveyancing will be needed in due course but do you know about the Liphook area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Liphook. In the meantime here are some basic statistics that we found
My father-in-law has suggested that I appoint his lawyers for conveyancing in Liphook. Do I take his advice?
No doubt the best way to find a conveyancing solicitor is to get recommendations from friends or relatives who have actually experience in using the firm that you are contemplating using.