What does my ID and proof of funds have anything to do with my conveyancing in Curdworth? Is this really warranted?
To satisfy the Money Laundering Regulations any Curdworth 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 bill showing where you live.
Under Money Laundering Regulations, conveyancing solicitors are required to check not just the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
We're in Curdworth, First timers purchasing with a mortgage (lender is Skipton , and our lawyer is on the Skipton conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a residence in Curdworth?
Unless a prior purchase of the house completed post 12 October 2013 you may take it that conveyancing practitioners handling conveyancing in Curdworth to remain recommending a chancel search and or insurance against a claim.
How does conveyancing in Curdworth differ for newly converted properties?
Most buyers of new build property in Curdworth contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because house builders in Curdworth usually purchase the land, 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 property lawyers 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 used to new build conveyancing in Curdworth or who has acted in the same development.
Am I best advised to choose a Curdworth conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can execute the legal formalities however they are based a couple of hundredkilometers away.
The primary upside of using a local Curdworth conveyancing firm is that you can drop in to execute paperwork, present your ID and pester them if necessary. They will also have local knowledge which is a plus. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and on the whole were content that must surpass using an unfamiliar Curdworth conveyancing solicitor just because they are round the corner.