Having been told to check out your site we were going to go ahead with a conveyancing solicitor in Trafford Park listed on your site but stumbled across some other fee calculations on the internet appear less pricey – how come?
One can find hundreds of conveyancers offering theoretically looks to be cut price. We would encourage you to give due consideration about how much you respect your own move to you are willing to be penny wise pound foolish concerning the quality of the legal work. Some embed fees well inside the terms and conditions. The law firms that we put forward for conveyancing in Trafford Park will notbehave this way.
In what way does my ID and proof of funds have anything to do with my conveyancing in Trafford Park? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Trafford Park 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 where you reside.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to check not simply the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may result in your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to inform the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Trafford Park. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 12/11/2024, the requirements read as follows :
It has been 2 months following my purchase conveyancing in Trafford Park concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Trafford Park differ for newly converted properties?
Most buyers of new build premises in Trafford Park approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Trafford Park usually buy the real estate, 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 Trafford Park or who has acted in the same development.
Your search tool is useful but there are many lawyers listed near Trafford Park being on the bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our mortgage company?
We do not recommend specific Trafford Park firms as the right Trafford Park conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Trafford Park knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..