Me and my husband are purchasing property in Litherland. My lawyer is not listed on the mortgage company solicitor list. Am I still permitted to retain my Litherland conveyancing solicitor notwithstanding that they are excluded from the lender list of approved lawyers?
You have a number of alternatives available to you here
- Carry on with your existing Litherland property lawyer but your mortgage company will need to retain a conveyancer from their conveyancing panel. This will result in additional cost and likely interruption.
- Choose a new lawyer to conduct the conveyancing, ensuring that they are on the lender conveyancing panel.
- Appeal to your lawyer to seek to join the bank panel
Our Litherland lawyer has discovered a difference between the surveyor’s assumptions in the home valuation report and what is revealed within the conveyancing documents. My solicitor says that he is duty bound to ensure that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s stance correct?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
What does my ID and proof of funds have anything to do with my conveyancing in Litherland? What am I being asked for?
Litherland conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).
Proof of the origin of funds is also necessary in compliance with the money laundering regulations as lawyers are required to ensure that the money you are using to purchase a property (whether it be the deposit for exchange or the total purchase price where you are a cash purchaser) has come from a reputable source (such as an inheritance) rather than the proceeds of illegitimate activity.
We hope to to purchase with Norwich and Peterborough Building Society. I visited a few high street companies but am struggling to find a Litherland conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?
Please do take advantage of the search tool on this site. Pick the lender and type Litherland or your location and you will be presented with numerous conveyancers located in Litherland or nearest you.
About to purchase a new build flat in Litherland. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Litherland
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I have been sourcing a conveyancing solicitor in Litherland for my purchase. Is it possible to review a solicitor's complaints history with the profession’s regulator?
You may find documented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator could recorded call for training purposes.