In what way does my ID and proof of funds have anything to do with my conveyancing in Loughton? Is this really warranted?
Loughton conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Confirmation of source of funds is also required in compliance with the money laundering laws as lawyers have a duty to investigate that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the full purchase amount if you are buying without a mortgage) has come from legitimate source (such as employment savings) as opposed to the fruits of illegitimate activity.
How can we tell if a Loughton conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Loughton getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer conducting your transaction.
I have paid off my mortgage with Skipton. I assume I don't need a Loughton lawyer on the Skipton panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
After much negotiation I have agreed a price on a house in Loughton. My financial adviser suggested a solicitor. I paid an on account payment of £225. A couple of days later, the conveyancing practitioner contacted me embarrassingly acknowledging that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
A friend advised me that where I am buying in Loughton I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Loughton conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Loughton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Loughton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data concerning Loughton.
Just bought a semi-detached house in Loughton , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Loughton conveyancing solicitor works at snail pace, so I want to be certain the registration formalities are concluded.
There is nothing unique when it comes to conveyancing in Loughton registration formalities. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether it is in order and whether the Land registry need to notify any other persons or bodies. Currently approximately three quarters of such applications are fully addressed in less than three weeks but occasionally there can be longer delays. Historically registration takes place once the buyer is living at the premises thus registration formalities is not usually primary concern yet if it is urgent that the the registration takes place urgently then you or your conveyancer could contact the land registry and explain the circumstances.
I am thinking of appointing a conveyancing solicitor in Loughton for my house move. Is there any facility to see a solicitor's record with the profession’s regulator?
One can find documented Solicitor Regulator Association (SRA) decisions arising from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA could recorded telephone calls for training requirements.
I pay a maintenance fee for my appartment in Loughton. As a result of personal circumstances I slipped behind with payments. The managing agents agreed a payment plan but there remains approximately £1750 remaining in arrears.
I want to dispose of the property and I am worried this may jeopardize the sale if I have to pay off the amount due in advance. I'd like to sell up and then discharge the debt from the completion monies - is this practicable?
Do check with the lawyer undertaking your Loughton conveyancing but it might be possible to agree for the arrears to be transferred to the purchasers. The final price they pay would be adjusted to reflect the amount of debt they assume. They would then pay the outstanding monies once they are the owners.