My partner and I are hoping to buy a home in Collier Row and have appointed a Collier Row conveyancing practice. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Platform Home Loans Ltd have this evening contacted us to inform me that they have now hit a problem as our Collier Row conveyancer is not on their approved list of lawyers. Is this a problem?
Where you are buying a property needing a mortgage it is normal for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Collier Row lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
In what way does my ID and proof of funds have anything to do with my conveyancing in Collier Row? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the potential client they are dealing with before they can accept their conveyancing retainer. The Client Care letter that you need to sign should stipulate this. Your lender will also require certain documents to be checked. If you are unwilling to hand over ID verification documents, your lawyer will not be able to take you on as a client.
Our lender has recommended solicitors on their panel based in Collier Row but I would rather choose a conveyancing lawyer in Collier Row or nearer to where I live. Are you able to assist?
Not all Collier Row conveyancing firms are listed all lender’s conveyancing panel. Use our find an approved solicitor tool to choose a Collier Row conveyancing solicitor on the on the lender panel.
My friend recommended that where I am buying in Collier Row I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Collier Row conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Collier Row around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Collier Row Education with maps and statistics, Local Amenities and other useful data about Collier Row.
I am looking into buying my first house which is in Collier Row and I am already nervous. I couldn't find anything specific about Collier Row. Conveyancing will be needed in due course but do you know about the Collier Row area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Collier Row. In the meantime here are some basic statistics that we found