It has come to my attention via my mortgage broker that my Exmouth property lawyer is not on the lender Solicitor panel. How can I be certain if this is indeed the case?
Your first step should be to call your Exmouth lawyer directly. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
In what way does my ID and proof of funds have anything to do with my conveyancing in Exmouth? Is this really necessary?
To satisfy the Money Laundering Regulations any Exmouth conveyancing firm will require proof of identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.
In accordance with Money Laundering Regulations, property lawyers are required to ascertain not simply the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this will result in your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to inform the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
A colleague suggested that where I am purchasing in Exmouth I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Exmouth conveyancing searches. It is a large report of more than thirty pages, listing and setting out important information about Exmouth around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Exmouth Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information concerning Exmouth.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Exmouth is the location of the property. Is there any advice you can impart?
Flying freeholds in Exmouth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Exmouth you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Exmouth may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Taking into account that I will soon spend hundreds of thousands of pounds on a garden flat in Exmouth I wish to have a conversation with the solicitor regarding thehouse move prior to instructing the firm. Is this something that you can arrange?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you speaking to the solicitor who will be carrying out your conveyancing in Exmouth.There is no ‘factory style conveyancing’ - every client is unique individual, not a case number. The law firms that we put you in touch with believe that the figure you are provided with for residential conveyancing in Exmouth should be the figure that you are charged.