What does my ID and proof of funds have anything to do with my conveyancing in Thrapston? Why is this being asked of me?
Thrapston conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Confirmation of the origin of funds is also required in accordance with the money laundering laws as lawyers are mandated to ensure that the money you are using to purchase a property (whether it be the deposit for exchange or the total purchase amount where you are buying mortgage free) has originated from a reputable source (such as an inheritance) rather than the proceeds of criminal activity.
I am buying a flat and need a conveyancing solicitor in Thrapston who is on the Halifax solicitor. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Halifax in certain locations such as Thrapston. We dont recommend any particular firm.
Will our solicitor be making enquiries about flooding during the conveyancing in Thrapston.
Flooding is a growing risk for lawyers dealing with homes in Thrapston. Some people will purchase a house in Thrapston, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to impart advice on flood risk, however there are a numerous checks that may be initiated by the buyer or by their lawyers which can figure out the risks in Thrapston. The standard completed inquiry forms sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard question of the vendor to discover if the premises has historically flooded. If the premises has been flooded in past which is not notified by the seller, then a purchaser could bring a compensation claim stemming from an incorrect response. The buyer’s solicitors may also commission an environmental report. This should reveal whether there is any known flood risk. If so, more detailed inquiries should be conducted.
I acquired my house on 11 April and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Thrapston expressed confidence that it will be formalised inside ten days. Are titles in Thrapston particularly slow to register?
As far as conveyancing in Thrapston registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can differ depending on who lodges the application, whether there are errors and if the Land registry must send notices to any 3rd persons or bodies. At present in the region of 80% of submission are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Registration occurs once the new owner has moved in to the premises therefore 'speed' is not always an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor can contact the land registry and explain the circumstances.
My husband and I are first time buyers - had an offer accepted, but the property agent has warned us that the seller will only move forward if we use the agent's chosen lawyers as they want an ‘expedited deal’. Our preferred option is to instruct a local solicitor with experience of conveyancing in Thrapston
We suspect that the seller is unaware of this requirement. Should the seller want ‘a quick sale', turning down a genuine purchaser is not the way to achieve this. Bypass the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you will continue to use your preferred Thrapston conveyancing solicitors - not the ones that will give the negotiator at the agency a referral fee or hit his conveyancing figures pre-set by HQ.
Are all Thrapston law firms on every lender conveyancing panel?
You can use our search tool or you can drop into your high street lender branch in Thrapston. Chances are that they can recommend conveyancing solicitors in Thrapston