In what way does my ID and proof of funds have anything to do with my conveyancing in Sawston? What am I being asked for?

You are right in these requests have nothing to do with conveyancing in Sawston. However these days you will not be able to proceed with any conveyancing transaction in the absence handing over evidence of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Please note that if you are providing your driving licence as proof of identification it needs to be both the paper element as well as the photo card part, one is not sufficient without the other.

Evidence of your source of monies is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor will need to have this information on file. Your Sawston conveyancing practitioner will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask further queries regarding the origin of funds.

When it comes to lenders such as , do Sawston incur a fee to be on the conveyancing panel?

We are unaware of any bank fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.

is it true that all Sawston solicitor firms on the conveyancing panel are overseen by the Solicitors Regulatory Authority?

As a firm of solicitors, in order to be on the conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. The majority of mortgage companies do list licenced conveyancers on their panel in which case such organisation would be regulated by the Council of Licensed Conveyancers.

have agreed my mortgage in principle, my bid on a flat in Sawston has been accepted, now what?

Your estate agent will need to be advised as to your 's details (be sure the are on the lender’s panel). Call up or the financial adviser and finish off any relevant paperwork. will appoint a valuer who will get in touch with the estate agent or seller to book an appointment. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. will send the offer to you and your . The transaction will then take it’s course according the nature and complexity of the conveyancing in Sawston.

My relative recommended that where I am purchasing in Sawston I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is occasionally quoted for as part of the standard Sawston conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Sawston around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Sawston Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Sawston Education with plans and statistics, Local Amenities and other useful information about Sawston.

I'm buying a new build house in Sawston with a mortgage from . The builders refused to reduce the price so I negotiated 6k of extras instead. The estate agent advised me not to tell my conveyancer about this deal as it will adversely affect my loan with . Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am using a search engine for the words cheap conveyancing in Sawston it shows results of many property lawyersin the area. With so much choice what is the best way to find the right property lawyer for purchase transaction?

The preferential method of choosing the right conveyancer is via trusted referral, so ask friends and relatives who have acquired a property in Sawston or the local estate agent or financial adviser. Costs for conveyancing in Sawston differ, so it's advisable to obtain at least three estimates from different property lawyers. Make sure that you clarify what costs in the quote includes.