What does my ID and proof of funds have anything to do with my conveyancing in Derbyshire? What am I being asked for?
Derbyshire conveyancing solicitors and indeed property practitioners accross the UK have an obligation under money laundering regulations to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).
Proof of the origin of funds is also required in accordance with the money laundering statutes as conveyancers are mandated to check that the money you are utilising to purchase a property (whether it be the deposit for exchange or the total purchase amount where you are a cash purchaser) has come from a reputable source (such as employment savings) as opposed to the product of illegitimate activity.
The Derbyshire conveyancing solicitors that just started acting on my house acquisition in Derbyshire have without warning closed. I only went with them because I had to have a solicitor on the Barclays conveyancing panel and my family Derbyshire lawyer was not. I cut them a cheque for two hundred pounds in advance. What are my options?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Barclays conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
Due to the encouragement of my in-laws I had a survey completed on a property in Derbyshire prior to instructing solicitors. I have been told that there is a flying freehold element to the property. My surveyor advised that some mortgage companies may not grant a mortgage on such a premises.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Derbyshire. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Derbyshire to see if the conveyancing will be more expensive.
We are 18 days into a residential purchase having been referred to conveyancers by the estate agent to do our conveyancing in Derbyshire. I am not happy. Could you help me find new lawyers?
They would have to be really bad in order to consider changing them. Has the mortgage offer been generated? If so you must inform them of the replacement lawyer and ensure the offer are re-sent. Your new solicitor ideally should be on the lenders approved list to avoid escalating charges and frustration. That should be your first question of the new solicitors. The search tool can help you find a bank approved lawyer for your conveyancing in Derbyshire
I note that you have a post code search directory identifying firms on the bank conveyancing panel. Do Derbyshire conveyancing companies pay you a commission if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Derbyshire.