In what way does my ID and proof of funds have anything to do with my conveyancing in Ashington? Is this really necessary?

Ashington conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to verify the ID of any client in order 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 (typically a Bank Statement less than 3 months old).

Proof of the origin of funds is also required under the money laundering regulations as solicitors are duty bound to investigate that the money you are utilising to buy a property (whether it be the deposit for exchange or the full purchase amount where you are buying without a mortgage) has originated from legitimate source (such as an inheritance) rather than the product of illegitimate behaviour.

How does conveyancing in Ashington differ for new build properties?

Most buyers of new build premises in Ashington approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Ashington usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Ashington or who has acted in the same development.

I decided to have a survey completed on a house in Ashington before appointing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders will refuse to grant a mortgage on such a home.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ashington. Conveyancing may be slightly more expensive based on your lender's requirements.

How straightforward is it to use the search app to find a conveyancing lawyer in Ashington on the approved list for my bank?

1st select a bank such as , or then specify your preferred area e.g. Ashington. Conveyancing organisations in Ashington and further afield will then be identified.

My step-father has encouraged me to use his conveyancers in Ashington. Should I find my own solicitor?

Much as we are happy to recommend a Ashington conveyancing lawyer it’s preferable to find a conveyancing lawyer is to have feedback from friends or relatives who have previously instructed the firm you're contemplating using.