What does my ID and proof of funds have anything to do with my conveyancing in Borrowash? Is this really warranted?
Borrowash conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).
Confirmation of source of monies is also necessary in accordance with the money laundering regulations as lawyers are required to check that the funds you are utilising to purchase a property (be it the exchange deposit or the full purchase monies if you are a cash purchaser) has originated from an acceptable source (such as an inheritance) and is not the fruits of illegitimate activity.
My Conveyancer in Borrowash is not listed on the National Westminster Bank Solicitor Panel. Is it possible for me to use my prefered solicitor notwithstanding that they are excluded from the National Westminster Bank panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your preferred Borrowash lawyers but National Westminster Bank will need to use a conveyancer on their panel. This will result in additional overall conveyancing fees and result in delays.
- Get a new lawyer to to deal with the purchase, remembering to check they are on the National Westminster Bank panel
Due to the guidance of my in-laws I had a survey completed on a house in Borrowash prior to appointing solicitors. I have been told that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will refuse to give a loan on such a premises.
It depends who your proposed lender is. HSBC has different instructions from Halifax. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Borrowash. Conveyancing will be smoother if you use a solicitor in Borrowash especially if they are familiar with such properties in Borrowash.
I am downsizing from my property. My previous conveyancers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Borrowash if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Borrowash. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
My husband and I are first time buyers - agreed a price, but the agent informed us that the seller will only proceed if we instruct the agent's preferred solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a local solicitor used to conveyancing in Borrowash
It is unlikely the vendors are behind this. If they require ‘a quick sale', alienating a serious buyer is going to damage their objectives. Try to communicate with the sellers directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you are going to use your own,trusted Borrowash conveyancing firm - as opposed tothe ones that will give their negotiator at the agency a referral fee or hit his conveyancing targets pre-set by senior management.