What does my ID and proof of funds have anything to do with my conveyancing in Stoke Sub Hamdon? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Stoke Sub Hamdon conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account showing where you live.
In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to investigate not just the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will result in your solicitor 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 make a disclosure to the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Stoke Sub Hamdon. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/8/2025, the requirements read as follows :
Me and my partner are purchasing a apartment in Stoke Sub Hamdon. It might be a silly question but how we can trust a solicitor? On completion day we will need to put our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Are all Stoke Sub Hamdon Conveyancing Quality Solicitors on the Coventry BS conveyancing list of approved solicitors?
Some major banks and building societies now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
is it true that all Stoke Sub Hamdon solicitor firms on the Lloyds conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Lloyds approved list of solicitors they would need to be regulated by the SRA. Many banks do list licenced conveyancers on their panel in which case such firms would be overseen by the CLC.
Are there restrictive covenants that are commonly identified during conveyancing in Stoke Sub Hamdon?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Stoke Sub Hamdon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Stoke Sub Hamdon differ for new build properties?
Most buyers of new build residence in Stoke Sub Hamdon come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in Stoke Sub Hamdon tend to buy 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 conveyancers 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 Stoke Sub Hamdon or who has acted in the same development.
What advice can you give us when it comes to choosing a Stoke Sub Hamdon conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Stoke Sub Hamdon conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Stoke Sub Hamdon conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:
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Can they put you in touch with clients in Stoke Sub Hamdon who can give a testimonial? How experienced is the practice with lease extension legislation?
Stoke Sub Hamdon Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying
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How much is the ground rent and service charge? How is the lease structured? Most Stoke Sub Hamdon leasehold flats will incur a service charge for the upkeep of the block invoiced by the freeholder. If you purchase the property you will have to pay this liability, normally quarterly during the year. This may vary from a few hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a rentcharge for you to pay annual, this is usually not a exorbitant sum, say approximately £25-£75 but you should to check it because on occasion it can be prohibitively expensive.