What does my ID and proof of funds have anything to do with my conveyancing in Ventnor? Why is this being asked of me?
Ventnor conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to check the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).
Confirmation of the origin of monies is also necessary under the money laundering laws as lawyers are duty bound to check that the funds you are utilising to buy a property (whether it be the deposit for exchange or the full purchase amount if you are a cash purchaser) has originated from an acceptable source (such as employment savings) as opposed to the fruits of illegitimate behaviour.
If you had a top tip for selecting a conveyancing solicitor in Ventnor what would it be?
We would encourage you not to base your choice on the lowest Ventnor conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Can you point me to a directory of Clydesdale panel solicitors in Ventnor on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings open the public on the web. If you are in need of a Ventnor conveyancing practitioner on the Clydesdale please make the most of our tool.
How can we tell if a Ventnor conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in Ventnor getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the solicitor handling your conveyancing.
I used Wolstenholmes a few years past for my conveyancing in Ventnor. I now require my papers but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Ventnor of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Ventnor differ for new build properties?
Most buyers of new build residence in Ventnor approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Ventnor tend to buy the land, 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 property lawyers 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 accustomed to new build conveyancing in Ventnor or who has acted in the same development.
I am using a search engine for the term cheap conveyancing in Ventnor it reveals numerous solicitorsin the vicinity. With so much choice what is the best way to find the suitable solicitor for me?
The ideal way of seeking the right conveyancer is through a trusted testimonial, so seek the counsel of friends and those you trust who have purchased a property in Ventnor or a local estate agent or mortgage broker. Fees for conveyancing in Ventnor differ, so it's advisable to obtain at least four estimates from different solicitors. Dont forget to clarify that the costs are assured not to to be inflated.
What is the distinction between surveying and conveyancing in Ventnor?
Conveyancing - in Ventnor or anywhere in England and Wales - is the process of legally transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you discover the condition of the building and, if there are problems, give you a powerful reason for negotiating the buying price down or asking the seller to remedy the problems prior to you move in.