I am getting a mortgage offer from Nat West. My intention is to use a Licensed Conveyancer in Barnard Castle. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am buying a property mortgage free in Barnard Castle. I have lived for the previous Seventeen years in Barnard Castle. Conveyancing searches are exorbitant. As I have knowledge of the area and road intimately must I have all the conveyancing searches?
If you not getting a home loan, then almost all of the Barnard Castle conveyancing searches are at your discretion. Your solicitor will 'advise', perhaps strongly, that you should have searches carried out, but he has a professional duty to take that path of advice. Do bear in mind; if you are going to sell the house one day, it could be of interest to your future purchaser what the searches determine. On occasion houses with functional issues can still show up unfavourable search results. A good conveyancing solicitor in Barnard Castle should be able to give you some helpful guidance concerning this.
What does my ID and proof of funds have anything to do with my conveyancing in Barnard Castle? Why is this being asked of me?
Barnard Castle conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no more than three months).
Proof of the origin of monies is also necessary under the money laundering laws as solicitors are mandated to check that the funds you are using to buy a property (be it the exchange deposit or the full purchase monies where you are buying without a mortgage) has originated from a reputable source (such as employment savings) rather than the proceeds of illegitimate activity.
What is your number one tip for finding a conveyancing solicitor in Barnard Castle
We would encourage you not to go for the cheapest Barnard Castle conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am buying a property in Barnard Castle. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?
As you are obtaining a mortgage with Yorkshire BS your lawyer must comply with the conveyancing instructions set out in Part two of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and lawyers are required to report to Yorkshire BS where a lease fails to meet these requirements. The specifications relate to the installation of panels on properties countrywide and is not isolated to Barnard Castle.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Barnard Castle conveyancing practitioner on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
My husband and I are 14 days into a freehold purchase having been directed to a firm by the high street agent to handle our conveyancing in Barnard Castle. I am am starting to be frustrated with the level of service. Can you help me find new conveyancers?
They would have to be really poor to suggest changing them. Has the loan offer been generated? In the event that it has you must inform them of the new solicitor and get the loan are re-sent. Your new solicitor ideally should be on the lenders approved list to avoid supplemental fees and complications. So that should be your first question of the new solicitors. The search tool should assist you in finding a bank approved solicitor for your conveyancing in Barnard Castle