We were about to retain a conveyancing solicitor in Stanmore recommended by you but stumbled across some other costs illustrations via the web look less pricey – why is this?

There are hundreds of conveyancing outfits advertising at first sight what seems to be very low prices. We would urge you to give due consideration as to how important this transaction is to you that want to take 'cheap' risks with regard to the quality of the legal work. Many of them highlight a bargain fee to catch your eye but bury extra charges in the fine print..

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

In order to comply with Money Laundering Regulations any Stanmore conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.

Under Money Laundering Regulations, conveyancers are duty bound to validate not only the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this may result in your conveyancer ending 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 appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.

I have been on the look out for a leasehold apartment up to £245,000 and found one round the corner in Stanmore I like with amenity areas and station nearby, however it only has 51 remaining years left on the lease. There is not much else in Stanmore suitable, so just wondered if I would be making a grave error acquiring a short lease?

If you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.

I'm remortgaging my existing property to a BTL loan with Norwich and Peterborough Building Society and I will use the rest of the raised equity towards a second property. The location we are interested in is Stanmore. Will your lawyers be able to act for both sets of banks and link together the conveyances?

Do use our search tool on this page to be sure that the solicitors are approved by both banks. Assuming that they are your lawyer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make clear your expectations and requirements.

We are a fortnight into a freehold purchase having been recommend to conveyancers by the local agent to perform conveyancing in Stanmore. I am am very frustrated with the quality of service. Could you you assist me in finding new conveyancers?

They would have to be really poor to suggest replacing them. Has your mortgage been sent? In the event that it has you must advise them of the new conveyancer and ensure the mortgage documents are re-sent. Your new solicitor ideally needs to be on the banks panel to avoid supplemental costs and frustration. So that should be your first question of the new lawyers. The search tool should assist you in finding a lender approved solicitor for your home move in Stanmore