I have just been advised by my lender that my Audenshaw lawyer is not on the mortgage company Conveyancing panel. What can I do to be sure if this is correct?
Your first step should be to contact your Audenshaw conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they may recommend you to a Audenshaw conveyancing practice that is on the approved list of lawyers for your lender.
My husband and I are nearing an exchange on a house in Audenshaw and my mum and dad have transferred the 10% deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my lawyer needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The solicitor is legally required to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
What does my ID and proof of funds have anything to do with my conveyancing in Audenshaw? What am I being asked for?
To satisfy the Money Laundering Regulations any Audenshaw conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
In accordance with Money Laundering Regulations, property lawyers are required to investigate not just the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer cancelling 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 inform the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Forgive me if this question is silly but I am new to the home buying as a 1st time buyer of a garden flat in Audenshaw. Do I pick up the keys to the property on the completion date from my conveyancer? If so, I will appoint a local conveyancing solicitor in Audenshaw?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the seller's lawyers, and once they have received this, you should be invited to pick up the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
I am due to move house in February. Should my conveyancing solicitor update the removal company on the completion day. As an aside, can you put forward a removal company in Audenshaw. Conveyancing solicitor was organised before I stumbled across your page.
On the afternoon of completion you will need to collect the keys from the estate agent however this should only occur after the previous owners lawyers confirm to the agent that the monies to complete are in and the keys can be released. After that you can inform the removal company that they can start moving you in. We are not in a position to recommend a specific removal company but can assist you in choosing a conveyancing in Audenshaw or a legal practice that specialises in conveyancing in Audenshaw.
My wife and I buying a 3 bedroom semi in Audenshaw. Our aim is to carry out a loft conversion at the property.Will legal investigations on the property include investigations to determine if these alterations are allowed?
Your property lawyer should check the deeds as conveyancing in Audenshaw will occasionally identify restrictions in the title deeds which restrict certain works or necessitated the permission of a 3rd party. Some additions need local authority planning consent and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these issues with a surveyor ahead of any purchase.
My lawyer in Audenshaw has requested from me proof of ID documents saying that this is part of his requirements as a solicitor on the lender Solicitor panel. Am I being spun a yarn?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the bank. This is not unique to conveyancing in Audenshaw