What does my ID and proof of funds have anything to do with my conveyancing in Chadwell Heath? What am I being asked for?

In order to comply with Money Laundering Regulations any Chadwell Heath conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing where you live.

Under 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 result in your conveyancer ending 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 appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.

I am purchasing a semi-detached house in Chadwell Heath. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Chadwell Heath you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Chadwell Heath.

What does a local search tell me concerning the property we're buying in Chadwell Heath?

Chadwell Heath conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search is essential in every Chadwell Heath conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.

Are there restrictive covenants that are commonly identified during conveyancing in Chadwell Heath?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Chadwell Heath. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

My husband and I are first time buyers - agreed a price, but the property agent informed us that the seller will only move forward if we appoint their recommended solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local solicitor with experience of conveyancing in Chadwell Heath

We suspect that the seller is unaware of this request. If they want ‘a quick sale', turning down a serious buyer is is going to put the whole deal at risk. Speak to the owners direct 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 will continue to appoint your preferred Chadwell Heath conveyancing lawyers - not the ones that will provide the estate agent a commission or meet his conveyancing targets demanded by senior management.