Is it realistic for conveyancing in Maidenbower to be completed in less than 10 days?
First, If you are under pressure for your conveyancing we would recommend that your lawyer is familiar with the location as they will have local contacts and intelligence. It is even conceivable that they may have transacted previoushomes in the same neighbourhood. You would be best advised to use a Maidenbower conveyancing lawyer. Second, be sure that the lawyer is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Maidenbower conveyancing transactions are suspended or jeopardised after discovering a purchaser’s lawyer was not on their banks member panel. In many cases this discovery resulted in the conveyancing being held up by almost three weeks. It is estimated that this issue impacts in the region of one hundred thousand home moves annually. Almost all Maidenbower conveyancing practices can not act for certain mortgage companies so do check as early as possible.
What does my ID and proof of funds have anything to do with my conveyancing in Maidenbower? Is this really necessary?
Maidenbower conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Confirmation of the origin of monies is also necessary under the money laundering regulations as lawyers have a duty to check that the funds you are using to buy a property (whether it be the deposit for exchange or the total purchase monies where you are a cash purchaser) has come from an acceptable source (such as employment savings) and is not the product of criminal activity.
We're in Maidenbower, FTBs buying with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
When it comes to lenders such as Virgin Money, do Maidenbower property lawyers incur a fee to be on the list of approved solicitors?
We are unaware of any lender fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Intending to buy a apartment in Maidenbower. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Maidenbower conveyancer is on the Santander conveyancing panel.
Coventry BS have agreed my mortgage in principle, my offer on a apartment in Maidenbower has been accepted, what happens next?
Your property agent will wish to be informed of your conveyancing practitioner's details (make sure the solicitors are on the bank’s approved list). Contact Coventry BS or your financial adviser and finish off any outstanding forms. Coventry BS will instruct a valuer who will get in contact with the estate agent or vendor to arrange a slot for the valuation to happen. Once carried out (assuming no problems) it takes about a week to get a mortgage offer. Coventry BS will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Maidenbower.
Is there anything unique about your site and other online quote calculators for conveyancing in Maidenbower?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Maidenbower. Unlike many estate agents and brokerage sites we are not in the business of charging firms a commission if you appoint them for your conveyancing in Maidenbower
Should I use a Maidenbower conveyancing lawyer in close proximity to the house I am hoping to buy? An old friend can deal with the legal formalities however his firm is located a couple of hundredkilometers drive away.
The benefit of a local Maidenbower conveyancing firm is that you can drop in to execute paperwork, hand in your ID and pester them if necessary. They will also have local insight which is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were impressed that should surpass using an unfamiliar Maidenbower conveyancing solicitor solely due to them being based in the area.