In what way does my ID and proof of funds have anything to do with my conveyancing in Swadlincote? Why is this being asked of me?

Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the potential client they are dealing with prior to agreeing to accepting their conveyancing retainer. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you are unwilling to supply identification documents, your lawyer would not be able to act for you.

Will my conveyancer be asking questions about flooding as part of the conveyancing in Swadlincote.

The risk of flooding is if increasing concern for conveyancers dealing with homes in Swadlincote. Plenty of people will acquire a property in Swadlincote, completely expectant that at some time, it may be flooded. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.

Conveyancers are not best placed to impart advice on flood risk, however there are a number of checks that can be undertaken by the buyer or by their lawyers which can give them a better understanding of the risks in Swadlincote. The conventional set of completed inquiry forms sent to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard inquiry of the owner to find out whether the property has historically flooded. In the event that the property has been flooded in past and is not disclosed by the owner, then a purchaser may commence a legal claim for losses stemming from an inaccurate answer. A purchaser’s lawyers will also carry out an enviro search. This will disclose whether there is a recorded flood risk. If so, additional inquiries will need to be initiated.

I decided to have a survey done on a property in Swadlincote prior to instructing solicitors. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders will refuse to give a loan on such a home.

It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to telephone us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Swadlincote. Conveyancing will be smoother if you use a solicitor in Swadlincote especially if they are acquainted with such properties in Swadlincote.

Do I need to be suspicious that brokers that I am dealing with are suggesting a web based conveyancing firm as opposed to a High Street Swadlincote conveyancing firm?

As with many service providers, often referrals from connections can be extremely useful or valuable. Yet there are many players in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all recommend solicitors to instruct. On occasion the lawyers might be known to one of the organisations as experts in their field, but sometimes there may be a commercial relationship behind the recommendation. You have the discretion to choose your preferred conveyancer. Don't forget that most mortgage providers have an approved list of conveyancers you must use for the lender related work in your transaction.

I am looking to buy a repossessed property in Swadlincote and the bank selling would like to complete inside 28 days. Can a conveyancer meet that timeframe? Would it be better to use a high street Swadlincote firm or an online company that advertises to complete quickly?

Visit your Swadlincote high street. Pop in to 3 solicitor’s offices and request to see a conveyancing solicitor for an estimate. Discuss your situation and seek a commitment on deadlines. Choose the firm that appears most trustworthy. Be sure to use a solicitor on the panel of lawyers who can act for your lender.