Unfortunately I am unable to travel far from Whitechapel. What is the rationale as to why all Whitechapel property lawyers are not on all bank panels?
Lenders highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which triggered a major policy change in the sector. This led to lenders culling a number of firms off their panel of approved solicitors .
I require conveyancing for an apartment in a fairly new development (6 years built) in Whitechapel. Almost all the flats are already disposed of. Is it really necessary to order neighbourhood searches as part of conveyancing in Whitechapel?
You are taking a significant risk in refusing to carrying out Whitechapel conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would seriously advise in the strongest possible terms that your conveyancer conducts them. If timings and cost are primary concerns you should consider with your lawyer about the possibility of search insurance
In what way does my ID and proof of funds have anything to do with my conveyancing in Whitechapel? Is this really necessary?
Whitechapel conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the ID 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 (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).
Evidence of the origin of monies is also required in compliance with the money laundering laws as solicitors have a duty to check that the monies you are using to purchase a property (be it the exchange deposit or the total purchase price if you are a cash purchaser) has originated from legitimate source (such as an inheritance) as opposed to the product of illegitimate behaviour.
Due to the encouragement of my in-laws I had a survey completed on a house in Whitechapel before instructing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some lenders may refuse to give a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Whitechapel. Conveyancing will be smoother if you use a solicitor in Whitechapel especially if they are accustomed to such properties in Whitechapel.
I am thinking of appointing a conveyancing lawyer in Whitechapel for my house move. Is there any facility to review a firm’s complaints history with the profession’s regulator?
One may search for published Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training purposes.
My fiance is buying a garden flat in Whitechapel. He has received an estimate by the lawyer connected to the estate agents totaling £1156 . It was ten years ago I sold and bought a home and the fee was £600. Have charges really gone up that much?
We would recommend that you call a few local Whitechapel conveyancing solicitors seeking prices. You should base your choice not just on cost, but on promptness and on how comprehensive the response is.