What does my ID and proof of funds have anything to do with my conveyancing in Waterloo? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Waterloo conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing where you reside.
Under Money Laundering Regulations, conveyancing solicitors are required to check not simply the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this will lead to your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
If you had a top tip for selecting a conveyancing solicitor in Waterloo what would it be?
It would be unwise to be tempted by the lowest Waterloo conveyancing costs illustration. You really do get what you’re paying 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.
I am currently in the process of buying my council flat in Waterloo. I have a mortgage offer with HSBC. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
I had an offer accepted on a property in Waterloo on 9/12/2024, valuation was booked 3 days later, all came back fine. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Kent Reliance and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Kent Reliance conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
I used Action Conveyancing several years past for my conveyancing in Waterloo. I now require my file however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Waterloo of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the input of my in-laws I had a survey completed on a property in Waterloo in advance of instructing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will refuse to give a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions from Halifax. If you contact us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Waterloo. Conveyancing will be smoother if you use a solicitor in Waterloo especially if they are acquainted with such properties in Waterloo.
Is it simple use the search app to choose a conveyancing solicitor in Waterloo on the authorised to act for my mortgage?
1st pick a lender such as Nationwide Building Society, Bank of Scotland or Clydesdale then specify your location such as Waterloo. Conveyancing organisations in Waterloo and beyond will then be shown.
In sourcing the web for the term on line conveyancing in Waterloo it reveals many solicitorsin the vicinity. How do I determine which is the suitable solicitor for me?
The ideal method of choosing a suitable conveyancer is via trusted referral, so ask colleagues and family who have purchased a property in Waterloo or the reputable estate agent or financial adviser. Costs for conveyancing in Waterloo vary, so it's sensible to request at least three costs illustrations from different conveyancers. Be sure to obtain confirmation what costs in the quote includes.