In what way does my ID and proof of funds have anything to do with my conveyancing in Hanham? Is this really warranted?
Hanham conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill no more than three months).
Proof of the origin of monies is also necessary in accordance with the money laundering regulations as solicitors are duty bound to check that the monies you are using to acquire a property (be it the exchange deposit or the full purchase price if you are buying mortgage free) has come from a reputable source (such as employment savings) rather than the product of criminal behaviour.
This question may be naive but I am new to the home buying as FTB of a garden flat in Hanham. Do I receive the keys to the house on completion from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Hanham?
On the day of completion you will not be required to go to the conveyancers office in Hanham. Conveyancing lawyers for you will arrange to send the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you will be able to pick up the keys from the property Agents and move into your new home. Usually this occurs early afternoon.
is it true that all Hanham solicitor practices on the Coventry BS conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Coventry BS conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. The majority of banks do list licenced conveyancers on their panel and in that case the firms would be overseen by the Council of Licensed Conveyancers.
Can I be sure that the Hanham conveyancing solicitor on the Clydesdale panel is any good?
When it comes to conveyancing in Hanham seeking 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 suggest that you speak with the lawyer handling your transaction.
I have been told that property searches are the number one cause of delay in Hanham conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Hanham.
I opted to have a survey done on a house in Hanham ahead of appointing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some banks may refuse to grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hanham. Conveyancing may be slightly more expensive based on your lender's requirements.
Are there any apps to assist me to identify a Hanham law firm on the HSBC Bank conveyancing panel? I have wheels and am prepared to travel upto 20miles to meet the lawyer.
Feel free to make use of the search on this page. Please pick a lender and your location and you will see a number of Hanham conveyancing lawyers based on proximity. We have detailed some Hanham conveyancing firms at the bottom of this page and you can contact them to check if they are on the HSBC Bank member panel