What does my ID and proof of funds have anything to do with my conveyancing in Wigton? What am I being asked for?
To satisfy the Money Laundering Regulations any Wigton conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing where you live.
Under Money Laundering Regulations, conveyancers are required to check not simply the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may result in your solicitor terminating their relationship 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 relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
My grandmother passed away 10 months ago and as sole heir and executor I was left the house in Wigton. The house had a small mortgage left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Leeds Building Society, pay off the mortgage. Is this possible?
Where you plan to re-mortgage then Leeds Building Society will insist on your using a conveyancer on the Leeds Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Leeds Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Leeds Building Society mortgage is registered as a charge at the Land Registry.
I am buying a new build house in Wigton benefiting from help to buy. The developers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not disclose to my conveyancer about this deal as it could impact my mortgage with Alliance & Leicester . 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.
How difficult is it to swap firm as I have to appoint one who is on the Yorkshire Building Society conveyancing list. I hired a family conveyancing solicitor in Wigton round the corner but she is not approved by Yorkshire Building Society
It would be our pleasure to help you select a conveyancing solicitor in Wigton on the Yorkshire Building Society panel. Please note that the property lawyers that we work with do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Wigton. In making use of the find a conveyancing solicitor tool on this site, you can contrast fees for conveyancing solicitors in Wigton and throughout England and Wales.
Whilst your website is a good idea there are many lawyers listed near Wigton being on the bank conveyancing panel. Can you recommend a specific firm on the conveyancing panel for our bank?
We do not recommend specific Wigton firms as the right Wigton conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Wigton knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..