In what way does my ID and proof of funds have anything to do with my conveyancing in Crick? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Crick conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account showing where you reside.
Under Money Laundering Regulations, conveyancers are required to check not just the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this may lead to your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
We had chosen solicitors based in Crick on the Barclays solicitor approved list. They are now charging me a separate charge for dealing with the Barclays mortgage. Is this a supplemental conveyancing fee specified by Barclays?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer is entitled to charge a fee for this. This fee is not set by Barclays but by your Crick conveyancing practitioner. Some firms on the Barclays panel will quote ’dealing with mortgage’ fee and others do not.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Crick building society branch on a couple of occasions and was told it does not impact the mortgage offer and they will lend. My Crick conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their published requirements. Who do I believe?
The lawyer must follow the Council of Mortgage Lenders’ Handbook section two provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Planning on purchasing a flat in Crick. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Crick conveyancer is on the HSBC conveyancing panel.
We are planning on selling our home in Crick and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local lawyer would know this is not the case. It does beg the question why the buyers are using an online conveyancing outfit as opposed to a conveyancing solicitor in Crick. We have lived in Crick for 5 years we know of no issue. Do we get in touch with our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
How does conveyancing in Crick differ for newly converted properties?
Most buyers of new build residence in Crick approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Crick typically purchase 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 conveyancers 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 accustomed to new build conveyancing in Crick or who has acted in the same development.
My husband and I are a fortnight into a leasehold purchase having been directed to solicitors by the high street agent to handle our conveyancing in Crick. I am am extremely disappointed with the quality of service. Can you help me find new conveyancers?
A solicitor would have to be really poor to suggest replacing them. Has the mortgage offer been generated? In the event that it has you will need to inform them of the new solicitor and have the loan are issued to the new lawyers. The solicitor ideally needs to be on the lenders panel to avoid escalating charges and complications. That should be your first question of the new conveyancers. Our find a solicitor tool should assist you in finding a bank approved conveyancer for your conveyancing in Crick