In what way does my ID and proof of funds have anything to do with my conveyancing in South Petherton and Lambrook? Why is this being asked of me?
To satisfy the Money Laundering Regulations any South Petherton and Lambrook conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
Under Money Laundering Regulations, property lawyers are duty bound to validate not only the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to inform the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in South Petherton and Lambrook. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 1/4/2026, the requirements read as follows :
My husband and I have arranged a further advance on our home loan from RBS as we want to conduct a loft conversion to our home in South Petherton and Lambrook. Do we need to appoint a nearby South Petherton and Lambrook solicitor on the RBS conveyancing panel to deal with the legals?
RBS don't usually require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the RBS panel.
Last month we had a mortgage agreed in principle with Coventry BS. South Petherton and Lambrook conveyancing lawyers are chosen. How long does it take for Coventry BS to forward the offer to the conveyancer?
There is no definitive answer here. Have Coventry BS conducted the valuation? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am expecting a OIP from Santander this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any South Petherton and Lambrook solicitors on the Santander conveyancing panel, or is it better to go independently?
You will need to appoint South Petherton and Lambrook solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
The deeds to my house are lost. The lawyers who did the conveyancing in South Petherton and Lambrook 10 years ago have long since closed. What are my options?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware precisely where to locate all the appropriate documentation so you can buy or dispose of your property without a hitch. Where duplicates can’t be located, your conveyancer can arrange cover in the form of insurance or indemnities against possible claims on the premises.
How does conveyancing in South Petherton and Lambrook differ for newly converted properties?
Most buyers of new build or newly converted property in South Petherton and Lambrook contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is finished. This is because developers in South Petherton and Lambrook tend to buy the land, 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 property lawyers 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 accustomed to new build conveyancing in South Petherton and Lambrook or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in South Petherton and Lambrook in advance of retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies will not grant a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you e-mail us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in South Petherton and Lambrook. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Petherton and Lambrook to see if the conveyancing will be more expensive.