In the event thatI was to buy a simple residential housein Dosthill mortgage fee and have no survey and no local authority searches how much would I expect to have to pay for conveyancing in Dosthill?
Any savings you would gain will be limited to the costs for searches. Your property lawyer is required to do the vast majority of work - money laundering, correspond with your vendors conveyancer, stamp duty return, register the ownership etc. You might save a bit for them not needing to register a mortgage however it will not be meaningful.
In what way does my ID and proof of funds have anything to do with my conveyancing in Dosthill? What am I being asked for?
Dosthill conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Proof of the origin of funds is also necessary under the money laundering regulations as solicitors are obliged to check that the monies you are utilising to purchase a property (whether it be the deposit for exchange or the total purchase price if you are buying without a mortgage) has originated from legitimate source (such as employment savings) rather than the fruits of criminal behaviour.
My wife and I are purchasing a flat in Dosthill. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Dosthill solicitor practices on the Coventry BS conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Coventry BS conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Some mortgage companies do list licenced conveyancers on their panel and in such a situation the practice would be governed by the CLC.
Completion of my purchase has taken place for my property in Dosthill. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Should I be suspicious about 3rd parties that I am dealing with are encouraging me to use a nationwide conveyancing firm as opposed to a local Dosthill conveyancing firm?
As is the case with many professional services, often referrals from family and friends can be extremely useful or valuable. But there are lots of players in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may put forward solicitors to appoint. Sometimes these solicitors might be known to one of the organisations as being good in their field, but occasionally there might be a financial incentive behind the recommendation. You have the discretion to choose your preferred lawyer. However, bear in mind that the majority of lenders specify a panel list of law firms you must use for the lender aspect of your conveyancing.
Do I cancel my mortgage payments with Co-operative once a completion date for my home sale in Dosthill has been agreed?
You are best advised to keep paying any mortgage sums to Co-operative until the mortgage is redeemed out of the proceeds of sale as part of your Dosthill conveyancing.