We are intending to buy a 1 bedroom apartment in Holywell with a mortgage. We have a Holywell lawyer, but the mortgage company advise she’s not on their "panel". It appears that we have no choice but to instruct one of the mortgage company panel firms or keep our Holywell conveyancing practitioner and pay for one of their panel ones to act for them. This feels very unfair; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Holywell conveyancing lawyer to apply to be on the conveyancing panel.
What does my ID and proof of funds have anything to do with my conveyancing in Holywell? What am I being asked for?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Holywell. Nowadays you can not complete any conveyancing deal in the absence supplying evidence of your identity. This usually 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 section and photo card part, one is not sufficient without the other.
Verification of the origin of funds is required under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer will need to retain this information on file. Your Holywell conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask additional questions concerning the source of monies.
Our lender has suggested solicitors on their panel based in Holywell but I would rather choose a conveyancing lawyer in Holywell local to me. Are you able to help?
Far from all Holywell conveyancing practices are listed all lender’s conveyancing panel. Do make the most of the above find an approved solicitor tool to choose a Holywell conveyancing solicitor on the on the bank panel.
The deeds to my home are lost. The lawyers who dealt with the conveyancing in Holywell 4 years ago are no longer around. Will I be able to sell the house?
As long as you have a registered title the information relating to your proprietorship will be recorded by the Land Registry under a Title Number. It is possible to conduct a search at the Land Registry, identify your house and order up to date copies of the Registered Entries for less than a fiver. If the title is Leasehold then the Land Registry will also normally retain a certified duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
What does commercial conveyancing in Holywell cover?
Holywell conveyancing for business premises covers a broad range of advice, supplied by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.