Me and my husband are buying a flat in Great Linford. My property lawyer is not listed on the mortgage company solicitor list. Can I still retain my Great Linford conveyancing solicitor even though they are excluded from the mortgage company panel of approved conveyancing solicitors?
One will need to instruct a conveyancer to deal with the formalities if you take out a loan to buy your home. They will conduct all the appropriate legal checks on the property, make sure that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is dealt with. One may select a Great Linford property lawyer of your choice. Nevertheless, where the conveyancing practitioner selected is not on the bank solicitor panel further charges will arise as separate legal representation will be need by the mortgage company. Conveyancing panel applications can be submitted, so where your conveyancer has not previously sought membership they can do so.
What does my ID and proof of funds have anything to do with my conveyancing in Great Linford? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Great Linford conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancers are duty bound to check not simply the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. An unwillingness to disclose this may result in your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
How does conveyancing in Great Linford differ for newly converted properties?
Most buyers of new build property in Great Linford come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Great Linford typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Great Linford or who has acted in the same development.
How can the Landlord & Tenant Act 1954 impact my commercial offices in Great Linford and how can you help?
The particular law that you refer to affords security of tenure to business lessees, granting the a statutory right to apply to court for a renewal tenancy and continue in occupation at the end of the lease term. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Great Linford is one of the numerous areas of the UK in which the firms we work with are based
I am a couple of weeks into a freehold purchase having been directed to a firm by the local agent to handle our conveyancing in Great Linford. I am not happy. Can you help me find new solicitors?
They would have to be really poor to suggest replacing them. Has your mortgage been issued? In the event that it has you must advise them of the replacement solicitor and have the mortgage documents are re-sent. Your solicitor ideally needs to be on the lenders panel to avoid escalating charges and delays. That should be your starting point. The search tool will help you find a bank approved conveyancer for your conveyancing in Great Linford