In what way does my ID and proof of funds have anything to do with my conveyancing in Ackworth? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Ackworth 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 showing where you reside.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to validate not only the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
Can you clarify what the consequences are if my solicitor is removed from the Nottingham Conveyancing panel ahead of completing my conveyancing in Ackworth?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a house in Ackworth?
Unless a previous acquisition of the premises took place after 12 October 2013 you may expect lawyers handling conveyancing in Ackworth to remain encouraging a chancel search and or insurance against a claim.
Me and my brother purchased a semi-detached Georgian house in Ackworth. Conveyancing practitioner acted for me and Skipton Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ackworth and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing solicitor who conducted the work.
How do I search for a Ackworth conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 10kilometers to meet the conveyancer.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Ackworth and you will see a number of lawyer located nearest Ackworth. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the lender solicitor panel.