What does my ID and proof of funds have anything to do with my conveyancing in Sunninghill? Is this really warranted?
Sunninghill conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and proof of address (typically a Bank Statement no older than three months).
Proof of the origin of monies is also required under the money laundering statutes as solicitors are mandated to check that the money you are utilising to buy a property (be it the exchange deposit or the total purchase monies where you are a cash purchaser) has originated from a reputable source (such as an inheritance) as opposed to the product of criminal behaviour.
We're in Sunninghill, First time buyers buying with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I used Arc property Solicitors a few years past for my conveyancing in Sunninghill. Now, I need my documents but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Sunninghill of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a ground for flat up to £305k and identified one round the corner in Sunninghill I like with open areas and station nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Sunninghill in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan that many years may be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I am thinking of appointing a conveyancing lawyer in Sunninghill for my purchase. Can I check a solicitor's complaints history with the legal regulator?
One can search for published Solicitor Regulator Association (SRA) decisions resulting from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator sometimes recorded call for training purposes.