What does my ID and proof of funds have anything to do with my conveyancing in Callington? What am I being asked for?
To satisfy the Money Laundering Regulations any Callington conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing where you live.
Under Money Laundering Regulations, conveyancing solicitors are obliged by law to check not only the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will lead to your solicitor terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
My apartment in Callington is up for sale and I have a buyer. Will the conveyancing practitioner need to be on the Leeds Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
I need some quick conveyancing in Callington as I am faced with a deadline to sign on the dotted line inside 2 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you are at liberty not to have searches conducted although no law firm would advise that you don't. With lots of history conveyancing in Callington the following are instances of issues that can appear and therefore affect future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
How does conveyancing in Callington differ for newly converted properties?
Most buyers of new build residence in Callington contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Callington tend to acquire the real estate, 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 used to new build conveyancing in Callington or who has acted in the same development.
I'm remortgaging my primary house to a buy to let loan with Lloyds TSB Bank and I will use the ballance of the raised equity as a deposit on a second house. The location we are looking at is Callington. Will your solicitors be able to act for the two lenders and tie in the conveyances?
Make use of our comparison tool on this site to ensure that the solicitors are on the appropriate lender panels. Having checked that they are the lawyer will be able to tie up the two conveyancing matters but you should talk with you conveyancer and make clear your desired outcome and needs.