My wife and I are getting closer to an exchange on a house in Prudhoe and my mum and dad have sent the exchange deposit to my conveyancing practitioner. I am now advised that as the deposit has not arrived from me my lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The property lawyer is duty bound to clarify with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
In what way does my ID and proof of funds have anything to do with my conveyancing in Prudhoe? What am I being asked for?
Prudhoe conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).
Proof of the origin of monies is also necessary under the money laundering laws as lawyers are required to check that the money you are utilising to purchase a property (whether it be the deposit for exchange or the full purchase amount if you are a cash purchaser) has come from legitimate source (such as employment savings) as opposed to the product of criminal behaviour.
Our lender has suggested solicitors on their panel based in Prudhoe but I would rather instruct a conveyancing lawyer in Prudhoe round the corner to me. Can you help?
Far from all Prudhoe conveyancing solicitors are on all banks conveyancing panel. Please make the most of the above find an approved solicitor tool to find a Prudhoe conveyancing solicitor on the on the lender panel.
I am due to move home in October. Will my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you put forward a removal company in Prudhoe. Conveyancing lawyer was chosen before I stumbled across this website.
On the day of completion you can collect the keys from your selling agent but this can only take place after the previous owners lawyers confirm to the agent that the monies to complete are in and the keys can be given over. After that you can tell the removal company that they can start moving you in. We are not in a position to recommend a particular removal company but can help you locate a conveyancing in Prudhoe or a solicitor with expertise in conveyancing in Prudhoe.
We had appointed solicitors with offices in Prudhoe on the Co-operative solicitor panel. They are now charging me a separate sum for handling the Co-operative mortgage. Is this a supplemental conveyancing fee specified by Co-operative?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your lawyer can charge a fee for this. This fee is not set by Co-operative but by your Prudhoe conveyancer. Some firms on the Co-operative panel will quote ’dealing with mortgage’ fee but plenty of firms include it on their overall fee.
I have paid off my mortgage with Aldermore. I assume I don't need a Prudhoe lawyer on the Aldermore panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Aldermore 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 Aldermore mortgage from the register. Aldermore, 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 Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
I'm refinancing my existing home to a buy to let mortgage with Godiva Mortgages Ltd and intend to use the remaining equity towards further property. The neighborhood we are talking about is Prudhoe. Will your lawyers be able to act for the two mortgage companies and tie in the conveyances?
Make use of our search tool on this page to be sure that the conveyancers are approved by both lenders. Having checked that they are your solicitor will be able to tie up the two conveyancing matters but you should talk with you lawyer and specify your expectations and needs.
I am looking for a conveyancing solicitor in Prudhoe for my home move. Is there any facility to see a solicitor's complaints history with the profession’s regulator?
Members of the public can read published Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. To find records Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA may recorded telephone calls for training reasons.