In what way does my ID and proof of funds have anything to do with my conveyancing in Worsley? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Worsley conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.
Under Money Laundering Regulations, conveyancing solicitors are required to investigate not just the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this will result in your lawyer terminating their relationship 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 make a disclosure to the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Worsley so that I can pop in to their offices if required.
Most approved lawyers for mortgage companies carry out all of the work via Royal Mail, e-mail or over the phone. This means that they can undertake the conveyancing transaction no matter where you live in England or Wales. That being said you can see if you have the option of going to the offices of your conveyancing lawyer if needed.
Should my conveyancer be asking questions concerning flooding as part of the conveyancing in Worsley.
Flooding is a growing risk for solicitors carrying out conveyancing in Worsley. There are those who purchase a property in Worsley, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the premises. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Conveyancers are not qualified to impart advice on flood risk, but there are a number of checks that may be undertaken by the buyer or by their solicitors which should figure out the risks in Worsley. The standard information given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the vendor to determine if the premises has suffered from flooding. In the event that flooding has previously occurred and is not notified by the vendor, then a purchaser may issue a claim for damages as a result of such an incorrect response. The buyer’s lawyers should also order an environmental report. This should higlight whether there is any known flood risk. If so, further inquiries should be conducted.
four months have gone by following my purchase conveyancing in Worsley took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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 asset 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.
I opted to have a survey completed on a house in Worsley prior to appointing solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some lenders tend not issue a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Worsley. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to change solicitor as I need to choose one who is on the TSB conveyancing panel. I was using a family conveyancing solicitor in Worsley round the corner but the firm is not accepted by TSB
It would be our pleasure to help you find a conveyancing solicitor in Worsley on the TSB panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Worsley. Using the find a conveyancing solicitor tool on this website, you can contrast fees for conveyancing solicitors in Worsley and throughout England and Wales.