I am not in a position to travel far from Bedford Hill. What is the rationale as to why all Bedford Hill solicitors aren't included on all bank panels?

A decade ago most banks displayed an attitude to risk which is different from today. The Financial Services Authority in 2010 instigated a thematic review into fraud which in summary warned lenders: know the solicitors on your panel. Consequently, mortgage companies have subsequently looked to extract more information from law firms about their operations and the individuals who work for them and set certain criteria such as completing a minimum volume of transactions. Thousands of firms have been removed from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to satisfy the criteria of amount of transactions the lenders set.

What does my ID and proof of funds have anything to do with my conveyancing in Bedford Hill? What am I being asked for?

You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Bedford Hill. Nowadays you can not proceed with any conveyancing deal without first providing proof of your identity. This usually takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are supplying your driving licence as evidence of identification it must be both the paper part as well as the photo card part, one is not satisfactory without the other.

Evidence of the origin of money is required under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer will need to have this information on file. Your Bedford Hill conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask further questions concerning the origin of monies.

I am looking for a flat up to £195,000 and identified one close by in Bedford Hill I like with amenity areas and railway links nearby, however it only has 61 years on the lease. I can't really find anything else in Bedford Hill suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a mortgage that many years may be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.

My business partner and I are wishing to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no charges for non-domestic conveyancing in Bedford Hill for less than 2k?

We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Bedford Hill, including the disposal and purchase of businesses as well as simply property. If you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right firm. Regarding the charges these will vary based on the structure and terms of the deal. Let us have your details or phone so as to enable us to provide you with a detailed commercial conveyancing quote.

Am I better off to appoint a Bedford Hill conveyancing solicitor based in the area that I am buying? We have a good friend who can carry out the legal work however his firm is located 400miles drive away.

The primary upside of using a high street Bedford Hill conveyancing practice is that you can drop in to execute documents, present your identification documents and pester them where appropriate. Having local Bedford Hill know how is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and on the whole were happy that must surpass using an unknown Bedford Hill conveyancing lawyer just because they are local.