Recently been in touch with my conveyancing solicitor in Stockwood who acted for me two years ago and wanted a conveyancing quote based on the same type of home move (a leasehold residence and a freehold premises) of similar values with a home loan from Lloyds TSB Bank. I am now being quoted twice the amount. Am I right to be tempted to shop around for an alternative conveyancer?
The estimate does seem a tad on the high side. If you are prepared to invest time contrasting prices you might trim some of the expense by say £125. That being said, if you were content with the assistance the firm gave you maycome to regret opting for an an untested solicitor. Don't forget to check that the solicitor can represent Lloyds TSB Bank. Do make use of our search tool to find a Stockwood conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in Stockwood.
In what way does my ID and proof of funds have anything to do with my conveyancing in Stockwood? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Stockwood conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you live.
Under Money Laundering Regulations, property lawyers are required to check 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 conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to inform the appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
I completed on my house on 13 October and my personal details is not yet registered. Any reason for this? My conveyancing solicitor in Stockwood expressed confidence that it will be concluded in a couple of weeks. Are properties in Stockwood particularly slow to register?
There is nothing unique about conveyancing in Stockwood registration formalities. As opposed to being determined by geographic area, timeframes can adjust depending on the party submitting the application, whether it is in order and whether the Land registry have to notify any 3rd parties. As of today roughly 80% of submission are fully addressed in less than three weeks but occasionally there can be protracted delays. Historically registration takes place after the buyer has moved in to the property so an expedited registration is not always top priority but if it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.
Is it possible to change firm as I have to choose one who is on the The Royal Bank of Scotland conveyancing list. I hired a high street conveyancing solicitor in Stockwood round the corner but the firm is not approved by The Royal Bank of Scotland
It would be our pleasure to help you select a conveyancing solicitor in Stockwood on the The Royal Bank of Scotland panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Stockwood. In utilising the find a conveyancing solicitor tool on this page, you can contrast fees for conveyancing solicitors in Stockwood and beyond.
Living abroad it is not practicable to visit my Stockwood conveyancing lawyers office to sign documents connected to my conveyancing in Stockwood – is this a problem?
You need not be concerned. Stockwood conveyancing solicitors can conduct home moves for clients who are based anywhere. You are unlikely to be required to be present a Stockwood conveyancers office. They can handle all communications remotely from their Stockwood premises.