In what way does my ID and proof of funds have anything to do with my conveyancing in Tonyrefail? Why is this being asked of me?
Tonyrefail conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill no older than three months).
Evidence of source of funds is also required under the money laundering laws as lawyers are obliged to check that the funds you are using to buy a property (whether it be the deposit for exchange or the total purchase price if you are a cash purchaser) has come from a reputable source (such as employment savings) as opposed to the product of criminal activity.
My property lawyer in Tonyrefail has never been on on the Bank of Scotland Approved Panel. Can I still use my prefered solicitor notwithstanding that they are excluded from the Bank of Scotland panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your preferred Tonyrefail lawyers but Bank of Scotland will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the total legal fees and cause frustration.
- Find a new solicitor to act in the purchase, not forgetting to check they are Bank of Scotland approved.
- Persuade your Bank of Scotland solicitor to attempt to join the Bank of Scotland panel
I have been told that property searches are the number one reason for delay in Tonyrefail conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Tonyrefail.
How do I identify a Tonyrefail solicitor on the HSBC Bank conveyancing panel? I have wheels and am willing to travel upto 25kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please select a mortgage company and your location and you will see a number of Tonyrefail conveyancing lawyers based on proximity. We have listed some Tonyrefail conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the HSBC Bank approved list
We're FTB’s - had an offer accepted, but the estate agent has warned us that the vendor will only issue a contract if we appoint the agent's preferred lawyers as they need an ‘expedited deal’. We would rather use a family solicitor with experience of conveyancing in Tonyrefail
We suspect that the seller is not behind this request. If they want ‘a quick sale', turning down a genuine buyer is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you intend to appoint your preferred Tonyrefail conveyancing solicitors - not the ones that will provide the estate agent a introducer fee or meet his conveyancing thresholds pre-set by senior management.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have just been informed that it's a leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Tonyrefail. Conveyancing lawyers have are about to be instructed. Will they explain the issues?
Most houses in Tonyrefail are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Tonyrefail in which case you should be shopping around for a Tonyrefail conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’sconsent to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your solicitor will report to you on the legal implications.