We were about to choose a conveyancing solicitor in Basildon listed on your site but have come across alternative estimates on the internet look less pricey – how come?
There are plenty of solicitors advertising so-called cheap conveyancing, yet more often than not extracharges end up with the completion fee totally different to the one you expected. In accordance with regulatory requirements charges set out in terms of engagement should be honest and reasonable invoiced The law firms that we list for conveyancing in Basildon specify all legal fees for a domestic conveyancing transaction.
What does my ID and proof of funds have anything to do with my conveyancing in Basildon? Is this really necessary?
You are right in these requests have nothing to do with conveyancing in Basildon. Nowadays you can not proceed with any conveyancing process without first supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a bank statement. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper part as well as the photo card part, one is not acceptable in the absence of the other.
Evidence of your source of money is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer will need to have this information on record. Your Basildon conveyancing solicitor will require evidence of proof of funds before they are able to accept any monies from you into their client account and they will also ask additional queries concerning the origin of funds.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Basildon. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/7/2019, the requirements read as follows :
I'm buying my first flat in Basildon benefiting from help to buy. The builders would not move on the amount so I negotiated 6k of extras instead. The estate agent suggested that I not inform my lawyer about this deal as it would put at risk my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How do I search for a Basildon conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 20miles to meet the conveyancer.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Basildon and you will see a number of lawyer located nearest Basildon. 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.