What does my ID and proof of funds have anything to do with my conveyancing in East Dean? Why is this being asked of me?

It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in East Dean. Nowadays you will not be able to complete any conveyancing process without first handing over evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are supplying your driving licence as proof of ID it needs to be both the paper part and photo card part, one is not acceptable in the absence of the other.

Verification of your source of monies is necessary in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer will need to have this information on record. Your East Dean conveyancing solicitor will require evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional questions regarding the origin of funds.

I am thinking of remortgaging my property in East Dean, does my lawyer have to be on the Solicitor panel?

There is nothing to stop you using your solicitor, but will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

I had a mortgage agreed in principle with . East Dean conveyancing practitioners are appointed. How long does it take for to forward the offer to the ?

Some lenders take longer than others. Have completed the survey? Have you informed as to your lawyers' details and checked that your lawyers are on the conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

I have decided to exercise my right to buy my property in East Dean off the council. I have a mortgage agreed with . Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with , you will need to appoint a solicitor on the conveyancing panel.

I was told four weeks ago that my mortgage has been agreed to by . Is it usual for to only issue the offer once my solicitor in East Dean is approved on their conveyancing panel? have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.

Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for to deal with your lawyer's application to be on the conveyancing panel. There's no guarantee that your solicitor will be accepted.

My husband and I are new on the property ladder - had an offer accepted, yet the property agent informed us that the owners will only proceed if we appoint their preferred solicitors as they want a ‘quick sale’. Our preferred option is to instruct a family conveyancer with experience of conveyancing in East Dean

It is highly unlikely the sellers are behind this. If they want ‘a quick sale', alienating a serious purchaser is not the way to achieve this. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are chain free (d) you intend to proceed fast (e)but you intend to use your preferred East Dean conveyancing lawyers - not the ones that will give their negotiator at the agency a commission or hit his conveyancing targets demanded by senior management.

I acquired a studio flat in East Dean, conveyancing was carried out 3 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in East Dean with over 90 years remaining are worth £165,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 50

With 50 years remaining on your lease we estimate the price of your lease extension to range between £36,100 and £41,800 as well as legals.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.