I am not well enough to travel far from Warsash. Is there a reason why all Warsash conveyancing practitioners are not on all mortgage company panels?

Even though it may seem unfair for lenders to limit who can act for them, from the public’s or lawyer’s viewpoint, the other side of the coin is that lending institutions are increasingly anxious and consider it essential to protect them against mortgage fraud. As a consequence of this concern banks have reduced their conveyancing panel to a size that they are happy to control.

Due to move into my new home in Warsash next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the mortgage company. What does the insurance need to cover?

Any lawyer on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not specific to conveyancing in Warsash.

What does my ID and proof of funds have anything to do with my conveyancing in Warsash? Why is this being asked of me?

In order to comply with Money Laundering Regulations any Warsash conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing where you live.

Under Money Laundering Regulations, property lawyers are obliged by law to investigate not just the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your property lawyers will have an obligation to make a disclosure to the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.

What can a local search tell me regarding the house we're purchasing in Warsash?

Warsash conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as Xpress Legal The local search plays a central part in most Warsash conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.

Is it possible to change conveyancer as I need to appoint one who is on the Lloyds TSB Bank conveyancing list. I was using a high street conveyancing solicitor in Warsash five minutes from me but the firm is not accepted by Lloyds TSB Bank

We will our best to assist in finding you a conveyancing solicitor in Warsash on the Lloyds TSB Bank panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Warsash. In making use of the find a conveyancing solicitor tool on this site, you can contrast costs for conveyancing solicitors in Warsash and beyond.