My fiance and I are planning to buy a home in Sawtry and are in fact using a Sawtry conveyancing practice. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Santander have this morning contacted us to inform me that they have now hit a problem as our Sawtry conveyancer is not on their conveyancing panel. Is this a problem?
Where you are buying a property requiring a mortgage it is normal for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Sawtry solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
Do the conveyancing practitioners highlighted through your search tool perform right to buy conveyancing in Sawtry?
We work with numerous conveyancing solicitors carrying out right to buy transactions Please call us with a view to get a conveyancing quote.
What does my ID and proof of funds have anything to do with my conveyancing in Sawtry? What am I being asked for?
In order to comply with Money Laundering Regulations any Sawtry conveyancing firm will require evidence of your identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility bill evidencing where you live.
In accordance with Money Laundering Regulations, property lawyers are required to ascertain not only the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this may result in your solicitor terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
After researching consumer advice sites for an affordable solicitor in Sawtry, many say that I should look for a CQS accredited lawyer. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in home ownership transfers, trusted by some of the UK's major banks. Four years ago the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). The scheme does not cover licenced conveyancers. Sawtry is one of the many areas in England and Wales where there are Accredited solicitors.
My company is hoping to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no costs for commercial conveyancing in Sawtry for less than 2k?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Sawtry, including the disposal and acquisition of businesses as well as simply property. If you are intending to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. As for the charges these will vary based on the structure and nuances of the proposed transaction. Let us have your details or phone so as to enable us to provide you with a detailed commercial conveyancing calculation.