What does my ID and proof of funds have anything to do with my conveyancing in Stanley? What am I being asked for?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Stanley. Nowadays you will not be able to complete any conveyancing process if you have not handing over proof of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Please note that if you are providing your driving licence as proof of ID it must be both the paper part as well as the photo card part, one is not acceptable without the other.
Evidence of your source of funds is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor will need to have this information on record. Your Stanley conveyancing solicitor 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 concerning the origin of funds.
I used Stirling Law a few years ago for my conveyancing in Stanley. I now require my papers however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Stanley of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Stanley I like with a park and railway links nearby, however it only has 49 years on the lease. There is not much else in Stanley in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I'm refinancing my current home to a buy to let mortgage with Coventry Building Society and intend to use the remaining equity as a deposit on further property. The neighborhood we are interested in is Stanley. Will your conveyancers be able to act for the two banks and tie in the two deals?
Make use of our comparison tool on this site to check that the conveyancers are on the appropriate lender panels. Assuming that they are the conveyancer should be able to connect the two conveyancing matters but you should talk with you conveyancer and specify your desired outcome and needs.
My husband and I are 14 days into a freehold purchase having been recommend to conveyancers by the estate agent to handle our conveyancing in Stanley. I am am starting to be dissatisfied with the quality of service. Could you you assist me in finding new conveyancers?
A lawyer would have to be really poor to suggest replacing them. Has your loan offer been generated? If so you must make them aware of the new solicitor and get the mortgage documents are re-sent. Your solicitor ideally needs to be on the banks panel to avoid supplemental costs and complications. That should be your starting point. Our find a solicitor tool can help you find a bank approved lawyer for your conveyancing in Stanley
Our conveyancer in Stanley has identified a defect with the lease for the apartment we are buying in Stanley. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer says that as he is on the mortgage company conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or the bank?
Just because you have a mortgage offer from the mortgage company does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Stanley conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. These conveyancing instructions must be adhered to by the bank conveyancing panel who has to balance acting for you and the mortgage company