What does my ID and proof of funds have anything to do with my conveyancing in Chiseldon? Why is this being asked of me?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Chiseldon. However these days you can not complete any conveyancing transaction in the absence providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper part and photo card part, one is not sufficient without the other.
Verification of the source of monies is mandated in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your lawyer will need to have this information on record. Your Chiseldon conveyancing lawyer will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask additional questions concerning the origin of monies.
I am considering applying for a Aldermore mortgage for purchase of a new build (under development) in Chiseldon with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Can I be sure that the Chiseldon conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Chiseldon seeking recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor carrying out your conveyancing.
I was told three weeks ago that my mortgage has been agreed to by Coventry BS. Is it usual for Coventry BS to only issue the offer once my solicitor in Chiseldon is approved on their conveyancing panel? Coventry BS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
UBS have agreed my home loan in principle, my bid on a property in Chiseldon has been accepted, what happens next?
The property agent will want to know who your solicitors are (ensure that the property lawyers are on the bank’s approved list). Contact UBS or your broker and finish off any appropriate documentation. UBS will appoint a valuer who will get in contact with the estate agent or owners to book a time for the valuation to occur. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. UBS will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chiseldon.
Do I need to pay for insurance to cover chancel repairs when buying a house in Chiseldon?
Unless a prior acquisition of the premises completed post 12 October 2013 you may expect solicitors handling conveyancing in Chiseldon to remain recommending a chancel search and or insurance against a claim.
I'm selling a apartment in Chiseldon. I can find my conveyancer's company on the CLC list, but I can't see my conveyancer's name on the list. Should I be concerned?
Not all staff in the law firm must be listed by the regulator. Provided there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.