In what way does my ID and proof of funds have anything to do with my conveyancing in Kenilworth? What am I being asked for?
Kenilworth conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under money laundering regulations to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill less than 3 months old).
Evidence of the origin of funds is also necessary under the money laundering regulations as conveyancers are mandated to ensure that the money you are using to acquire a property (whether it be the deposit for exchange or the total purchase price if you are buying mortgage free) has originated from legitimate source (such as an inheritance) rather than the product of criminal behaviour.
I am in the process of remortgaging my apartment in Kenilworth, does my lawyer have to be on the Bank of Ireland Solicitor panel?
There is nothing to stop you using your solicitor, but Bank of Ireland 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.
The mortgage over my property is with Virgin Money for my property in Kenilworth. Conveyancing was finalised 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Virgin Money?
Virgin Money must be informed of your intention in advance of renting your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. It should not be necessary to do this via a Virgin Money conveyancing panel firm.
After weeks of negotiation I have agreed a price on a house in Kenilworth. My mortgage broker recommended their conveyancers. I paid an advanced payment of £175. A couple of days later, the conveyancer contacted me sheepishly admitting that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My offer was accepted on a property in Kenilworth on 11/3/2019, valuation was booked 2 days after, received a clean bill of health. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Santander and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Santander conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
As co-executor for the will of my uncle I am disposing of a residence in Swansea but I am based in Kenilworth. My solicitor (who is 300 kilometers awayneeds me to execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Kenilworth who can attest this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are based in Kenilworth
After what seems like an age a mortgage offer from a lender for the remortgage of my 2 bedroom garden flat is coming within the next few days. Are you able to recommend an efficient remortgage conveyancing lawyer in Kenilworth ?
You are on the wrong site if you are in need of the lowest fares for conveyancing solicitors in Kenilworth. Our aim is to provide cost effective conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing brokers offering £99 conveyancing in Kenilworth.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up paying a lot in extras and still not get the service required.