What does my ID and proof of funds have anything to do with my conveyancing in Stanmore? Why is this being asked of me?
Stanmore conveyancing solicitors and indeed property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill less than 3 months old).
Confirmation of source of monies is also necessary in accordance with the money laundering statutes as solicitors are mandated to investigate that the money you are using to acquire a property (be it the exchange deposit or the total purchase price where you are buying without a mortgage) has originated from legitimate source (such as an inheritance) and is not the fruits of criminal behaviour.
What happens if my lawyer’s firm is removed from the TSB Conveyancing panel ahead of completing my conveyancing in Stanmore?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I need some expedited conveyancing in Stanmore as I have an ultimatum to complete inside 2 weeks. Luckily I do not need a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are are a mortgage free buyer you have the choice not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Stanmore the following are instances of issues that can be revealed and adversely affect market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
Me and my brother own a 4 bedroom Victorian house in Stanmore. Conveyancing lawyer acted for me and Halifax. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stanmore and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.
Been looking for a lawyer for leasehold sale conveyancing in Stanmore. I'm selling, uncomplicated no mortgage to pay off, no rush, currently empty. Got an estimate from a conveyancing practitioner for nine hundred pounds excluding VAT which is a little expensive given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Stanmore?
Considering it’s a sale only, £500 + VAT would be about the lowest for a Stanmore solicitor firm.