What does my ID and proof of funds have anything to do with my conveyancing in Ditchling? What am I being asked for?
Ditchling conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).
Confirmation of the origin of monies is also required in accordance with the money laundering statutes as solicitors have a duty to check that the monies you are utilising to purchase a property (be it the exchange deposit or the full purchase monies if you are a cash purchaser) has come from a reputable source (such as an inheritance) rather than the fruits of illegitimate activity.
We hope to to buy with Coventry BS. We have called around locally yet am struggling to find a Ditchling conveyancing firm on the Coventry BS panel. Could you help?
Please do make use of the search tool on this site. Please choose the lender and type Ditchling or your location and you will be presented with a number of lawyer located in Ditchling or nearest you.
If you had a top tip for choosing a conveyancing solicitor in Ditchling what would it be?
It would be unwise to be swayed by the cheapest Ditchling conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I am assisting my niece sell her house in Ditchling. Does the conveyancer arrange an EPC or do I organise this?
After the abolition of Home Packs, energy performance certificates became a required part of selling a house. An energy performance certificate needs to be commissioned in advance of the property being placed on the market. This is not as aspect of the sale process that solicitors ordinarily organise. Where you are using a Ditchling conveyancing practitioner they may help arrange energy assessments due to their contacts with reputable local accredited person
Please help - my lawyer says that lack of right of way insurance is required on my purchase. What is the level of cover for Ditchling conveyancing?
The right level of lack of right of way indemnity insurance should be dictated by who who your lender is. It would differ for example between Lloyds TSB Bank and Coventry Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
How do I use your search tool to select a conveyancing solicitor in Ditchling on the panel for my lender?
Step one is to select a lender such as Santander, Coventry Building Society or Nottingham Building Society then choose your location e.g. Ditchling. Conveyancing organisations in Ditchling and beyond will then be identified.
My husband and I are disposing of a Ditchling apartment we inherited 8 years ago in 2010. I have over a decades worth of conveyancing know-how and, now retired, intend to undertake my own legal work. The buyer's property lawyer has informed me that their bank will not allow you to do your own conveyancing insisting the funds to be passed via a solicitor's bank account.
Mortgage instructions to property lawyers from all mainstream lenders specify that If the vendor is not legally represented the buyer’s lawyers should check whether the lender needs to be notified so that a decision can be made if they are willing to proceed.