In what way does my ID and proof of funds have anything to do with my conveyancing in Northwick Park? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with before they can accept their conveyancing instruction. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to supply ID verification documents, your solicitor can not take you on as a client.
I have been told that property searches are the number one cause of stalling in Northwick Park conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Searches are not likely to be the root cause of slowing down conveyancing in Northwick Park.
2 months have elapsed following my purchase conveyancing in Northwick Park took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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 asset 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.
I am looking into buying my first house which is in Northwick Park and I am already nervous. I couldn't find anything specific about Northwick Park. Conveyancing will be needed in due course but do you know about the Northwick Park area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Northwick Park. In the meantime here are some basic statistics that we found
I need to instruct a conveyancing practitioner in Northwick Park for my house move. Is there any facility to review a solicitor's record with the profession’s regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) decisions stemming from investigations started on or after Jan 2008. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes monitor call for training requirements.
My son is just in the process of moving house, the home loan was agreed last week in principle. When the seller agreed the offer on the house we contacted the mortgage company to progress the mortgage application. I was very surprised to hear that mortgage companies do not accept all solicitor, they need to be on their approved list, is this right?
Mortgage Companies tend to restrict either the type or the number of conveyancing practices on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Northwick Park property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.