Why would one appoint a Lanchester conveyancing company given that national alternatives are so much cheaper?
Its a good idea to contrast conveyancing costs in Lanchester and you should seek a competitive quote but don’t waste your energy sourcing the cheapest Lanchester conveyancer. Identifying the right conveyancer can be the difference between a smooth and a stressful house move. It is important that you ensure that you have expert advice from a trusted lawyer. Emails can't be as helpful as a telephone call and are no substitute for a face to face consultation. Our partner firms will allocate you a qualified and trusted conveyancing solicitor who can handle your conveyancing from start to finish, giving the sort of hand holding that you rarely receive from an web based conveyancer. He or She will update you as to any developments making sure that you are ensuring that you are updated at regular intervals. If you ever need to contact the firm you will be sure who you need to speak to and we'll ensure you are in the know.
In what way does my ID and proof of funds have anything to do with my conveyancing in Lanchester? Why is this being asked of me?
Lanchester conveyancing solicitors and indeed property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no older than three months).
Confirmation of the origin of funds is also required under the money laundering regulations as conveyancers are mandated to investigate that the funds you are utilising to purchase a property (whether it be the deposit for exchange or the full purchase monies if you are a cash purchaser) has come from legitimate source (such as an inheritance) rather than the proceeds of criminal behaviour.
My Conveyancer in Lanchester is not listed on the The Mortgage Works Solicitor Panel. Is it possible for me to retain my prefered solicitor even though they are not on the The Mortgage Works panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your existing Lanchester solicitors but The Mortgage Works will need to instruct a conveyancer on their list of acceptable firms. This will inevitably rack up the total conveyancing fees and result in delays.
- Find an alternative solicitor to act in the purchase, not forgetting to check they are Persuade your solicitor to use their best endeavours to join the The Mortgage Works conveyancing panel
My wife and I are buying a apartment in Lanchester. I might seem paranoid but how we can trust a solicitor? At some point we have to put our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am due to exchange contracts on my flat. I had a double glazing fitted in September 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nationwide are being difficult. The Lanchester solicitor who is on the Nationwide conveyancing panel is saying indemnity insurance will be fine but Nationwide are insisting on a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
At last I have had an offer on a maisonette in Lanchester agreed to, but there is a chain. The sellers have placed an offer on a property, but it’s not yet tied up, and are looking at other flats in the pipeline. I have instructed a high street conveyancing solicitor in Lanchester. What do I do now? When should I get the mortgage application with RBS started?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx £1k, then valuation, Lanchester conveyancing search charges, etc). First, you should ensure that your property lawyer is on the RBS conveyancing panel. Regarding the next phase this very much depends on the circumstances of your transaction, motivation for the property and on the state of the market. In a rising market some home buyers would apply for the mortgage with RBS and pay for the valuation and only if it was satisfactory would they ask their property lawyer to proceed with the conveyancing in Lanchester.
I have just appointed agents to market my 2 bed flat in Lanchester. Conveyancing solicitors are to be appointed soon, but I have recently received a yearly service charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the maintenance contribution as normal as all rents and maintenance charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Lanchester - Examples of Queries before buying
Be sure to find out if the the lease includes any onerous restrictions in the lease. For example plenty of leases prohibit pets being allowed in in a block in Lanchester. If you love the flatin Lanchester however your dog is not allowed to live with you then you have a very hard choice. How is the lease structured?