What does my ID and proof of funds have anything to do with my conveyancing in Westonzoyland? Is this really warranted?

Westonzoyland conveyancing solicitors and indeed property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to ensure that clients are who they say they are.

Conveyancing clients will need to provide two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill less than 3 months old).

Confirmation of the origin of monies is also necessary under the money laundering statutes as solicitors are required to investigate that the funds you are using to purchase a property (be it the exchange deposit or the full purchase price if you are a cash purchaser) has originated from legitimate source (such as employment savings) rather than the fruits of illegitimate activity.

is it true that all Westonzoyland solicitor firms on the Virgin Money conveyancing panel are overseen by the Solicitors Regulatory Authority?

As solicitors, in order to be on the Virgin Money conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many mortgage companies do list licenced conveyancers on their panel and in such a situation the organisation would be governed by the Council of Licensed Conveyancers.

We have a mortgage agreed in principle with Yorkshire BS. Westonzoyland conveyancing lawyers are appointed. How long does it take for Yorkshire BS to issue the offer to the solicitor?

There is no definitive answer here. Have Yorkshire BS done the valuation? Have you advised Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

Completion of my remortgage has taken place for my property in Westonzoyland. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?

All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.

The deeds to my property can not be found. The conveyancers who handled the conveyancing in Westonzoyland 5 years ago no longer exist. What do I do?

As long as you have a registered title the information relating to your proprietorship will be retained by the Land Registry with a Title Number. It is possible to perform a search at the Land Registry, find your property and obtain up to date copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.

I'm buying my first flat in Westonzoyland with the aid of help to buy. The builders refused to reduce the price so I negotiated 6k of additionals instead. The property agent told me not disclose to my conveyancer about the deal as it could put at risk my loan with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Hoping to buy a property located in Westonzoyland and I am already nervous. I couldn't find anything specific about Westonzoyland. Conveyancing will be needed in due course but do you know about the Westonzoyland area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Westonzoyland. In the meantime here are some basic statistics that we found