I am getting a mortgage offer from Lloyds. I hope to retain the legal services of a Licensed Conveyancer in Corston. Does the Lloyds Conveyancing panel allow for Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
In what way does my ID and proof of funds have anything to do with my conveyancing in Corston? What am I being asked for?
Corston conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Bank Statement less than 3 months old).
Evidence of the origin of monies is also necessary under the money laundering statutes as solicitors are required to check that the money you are using to buy a property (whether it be the deposit for exchange or the full purchase amount if you are buying without a mortgage) has originated from a reputable source (such as employment savings) as opposed to the fruits of illegitimate activity.
is it true that all Corston solicitor firms on the Coventry BS conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Coventry BS conveyancing panel they would need to be regulated by the SRA. Some banks do list licenced conveyancers on their panel and in such a situation the firms would be regulated by the Council of Licensed Conveyancers.
We had selected conveyancers based in Corston on the Nottingham solicitor approved list. They are now charging me an additional sum for dealing with the Nottingham mortgage. Is this a supplemental conveyancing fee set by Nottingham?
Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your property lawyer may levy a fee for this. This fee is not set by Nottingham but by your Corston conveyancing practitioner. Plenty of firms on the Nottingham panel will charge ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.
I have paid off my mortgage with Barclays. I assume I don't need a Corston conveyancing practitioner on the Barclays panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
Just acquired a detached house in Corston , how long should it take for the Land Registry to record my ownership? My Corston conveyancing solicitor has been painfully slow, so I want to be sure that my name is registered.
There is nothing unique about conveyancing in Corston registration formalities. As opposed to being determined by geographic area, timeframes can adjust depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any 3rd persons or bodies. At present roughly 80% of submission are fully dealt with within 12 days but some can be subject to protracted delays. Registration takes place after the purchaser is living at the property therefore 'speed' is not always primary concern but where there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
I am a sole trader looking to take an assignment of a lease of a shop on the high street. Can you recommend conveyancers offering no-move-no charges for commercial conveyancing in Corston for less than £1,200?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Corston, including the disposal and purchase of businesses as well as simply property. If you are hoping to buy or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right solicitor. Regarding the costs these will vary based on the structure and terms of the proposed transaction. Let us have your details or email us so that we may provide you with a fixed commercial conveyancing calculation.