In what way does my ID and proof of funds have anything to do with my conveyancing in Marford? Why is this being asked of me?

To satisfy the Money Laundering Regulations any Marford conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing where you live.

Under Money Laundering Regulations, property lawyers are required to validate not simply the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this may result in your solicitor cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to inform the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.

We are purchasing a purpose built flat in Marford with a homeloan from Nationwide Building Society.We like our Marford conveyancing practitioner but Nationwide Building Society says she’s not on their "panel". It seems we are left with little choice but to instruct a Nationwide Building Society panel lawyer or retain our local solicitor and pay for a Nationwide Building Society panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?

No, not really. The home loan issued to you is subject to its various provisions, one of which will be that lawyers will be on the Nationwide Building Society approved list. in the past, most banks 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 lawyer to apply to be on the conveyancing panel for Nationwide Building Society

I am buying a new build flat in Marford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Marford

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

I am 3 weeks into a freehold purchase having been directed to solicitors by the estate agent to carry out the conveyancing in Marford. I am am extremely dissatisfied with the level of service. Can you you assist me in finding new conveyancers?

They would need to be very poor to suggest diss instructing them. Has the mortgage offer been issued? If so you must advise them of the new contact details and have the loan are re-issued. Your solicitor ideally should be on the mortgage company approved list to avoid escalating fees and delays. So that should be your first question of the new solicitors. The search tool can help you find a lender approved conveyancer for your home move in Marford

I have been searching for Marford conveyancing quotes online. Can I be sure that all the Marford practices that are identified on your site are on the bank conveyancing panel?

The law firms on our directory have assured us via an online form that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Marford firm being on the lender conveyancing panel is incorrect.