We hired a high street lawyer for our conveyancing in Redcar and Cleveland yesterday. Going through the Terms I notewe are liable for charges even where the conveyance does not complete. Should I go with them or choose a web based firm advertising no completion no cost conveyancing in Redcar and Cleveland?
Generally there is a concession along the lines that if "No Completion No Fee" is available then the fee levels will tend to be be uplifted to counteract the transactions that do not proceed. You should be mindful that such deals generally do not protect you from expenses e.g. Redcar and Cleveland conveyancing search charges.
In what way does my ID and proof of funds have anything to do with my conveyancing in Redcar and Cleveland? What am I being asked for?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Redcar and Cleveland. Nowadays you will not be able to proceed with any conveyancing deal in the absence supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are supplying your driving licence as proof of ID it must be both the paper element as well as the photo card part, one is not sufficient in the absence of the other.
Evidence of your source of funds is necessary under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer must have this information on record. Your Redcar and Cleveland conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask further queries regarding the origin of funds.
My wife and I have organised a further advance on our mortgage from Virgin Money as we intend to carry out alterations to our property in Redcar and Cleveland. Are we obliged to choose a nearby Redcar and Cleveland solicitor on the Virgin Money conveyancing panel to handle the paperwork?
Virgin Money do not ordinarily instruct a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money conveyancing panel.
I have paid off my mortgage with Principality. I assume I don't need a Redcar and Cleveland property lawyer on the Principality panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Principality 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 Principality mortgage from the register. Principality, 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 Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
Clydesdale have agreed my home loan in principle, my bid on a apartment in Redcar and Cleveland has been accepted, what happens next?
The property agent will want to know who your solicitors are (be sure the lawyers are on the bank’s approved list). Contact Clydesdale or your financial adviser and complete any appropriate paperwork. Clydesdale will appoint a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes on average a fortnight to receive the mortgage offer. Clydesdale will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Redcar and Cleveland.
How does conveyancing in Redcar and Cleveland differ for new build properties?
Most buyers of new build or newly converted property in Redcar and Cleveland come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Redcar and Cleveland usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Redcar and Cleveland or who has acted in the same development.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Redcar and Cleveland?
At this site receive an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Redcar and Cleveland. As opposed to estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your conveyancing in Redcar and Cleveland
Myself and my partner have just had an offer accepted on a property and had meeting on Tuesday with Leeds Building Society for the mortgage. They warned us that when it comes to appointing a property lawyer that unless they are on their approved panel of solicitors then we will be subject to an an additional charge of £200. This is because they will then have to instruct a solicitor to act on their behalf as well as the one we appoint for ourselves and we are liable for their invoice. I have asked Leeds Building Society to send me with a list so I can seek quotes only from their approved lawyers but was told that I need to check with each individual solicitor to see if they are on the panel. Is there a simple way of finding out who is on a lender panel?
You can enquire of Leeds Building Society what their panel criteria is for a solicitor.Thereafter ask the property lawyer of your choice whether they meet the criteria and have they acted on mortgages for Leeds Building Society before. If the answer to those is yes, then just double check with Leeds Building Society. Another option is to make use of our search tool and we may be able to identify a conveyancer in Redcar and Cleveland on the approved list for Leeds Building Society.