I require conveyancing for a flat in a fairly new development (five years old) in Streatham. The vast majority the appartments have already been disposed of. Is it strictly necessary to order local searches as part of conveyancing in Streatham?

A big part of the Streatham legal transfer of property is the conveyancing searches. There are numerous search providers conducting Streatham conveyancing searches, as well straight from the local authority. These are usually referred to as personal search providers and they produce, not surprisingly, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must obtain their data from the local authority.

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

You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Streatham. Nowadays you can not complete any conveyancing deal if you have not submitting evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are providing your driving licence as proof of identification it needs to be both the paper part as well as the photo card part, one is not sufficient in the absence of the other.

Verification 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 lawyer will need to have this information on file. Your Streatham conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask further questions concerning the source of monies.

I am purchasing a terraced house in Streatham. Can I do my own conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Streatham you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Streatham.

I moved into my house on 7 July and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Streatham expressed confidence that it will be recorded in a couple of weeks. Are titles in Streatham particularly slow to register?

As far as conveyancing in Streatham is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether there are errors and whether the Land registry communicate with any other parties. Currently in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Registration occurs once the buyer has moved in to the property therefore an expedited registration is not usually top priority yet if there is a degree of urgency associated with the registration then you or your lawyers could speak with the land registry and explain the circumstances.

Should I go with a Streatham conveyancing practitioner who is local to the property I am purchasing? An old friend can conduct the conveyancing however they are based over three hundred miles away.

The primary upside of using a local Streatham conveyancing firm is that you can attend the office to sign documents, hand in your ID and apply pressure on them if necessary. Having local Streatham know how is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and in the main were happy that must outweigh using an unfamiliar Streatham conveyancing lawyer solely due to them being Streatham based.