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Find a Wimborne Minster Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Wimborne Minster? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Wimborne Minster conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Wimborne Minster

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

To satisfy the Money Laundering Regulations any Wimborne Minster conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.

Under Money Laundering Regulations, conveyancers are obliged by law to check not simply the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this will result in your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers will have an obligation to make a disclosure to the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.

In looking at online forums for a recommended lawyer in Wimborne Minster, many say that I must look for a CQS accredited lawyer. What is CQS?

The Conveyancing Quality Scheme (CQS) provides a kitemark for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to prudent and efficient conveyancing processes via the scheme protocol the standard covers numerous companies who execute conveyancing in Wimborne Minster.

I have todaybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Wimborne Minster for a purchase of a freehold house 9 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?

The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wimborne Minster conveyancing specialists.

Do I need to be wary by third parties that I am dealing with are suggesting a national conveyancing firm rather than a local Wimborne Minster conveyancing practice?

As is the case with lots of service providers, often recommendations from connections can be worth their weight in gold. But there are many players in a conveyancing transaction; estate agents, financial adviser and banks might all put forward conveyancers to instruct. On occasion these solicitors might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying commercial relationship behind the recommendation. You have the discretion to appoint your own lawyer. However, bear in mind that the majority of lenders operate an approved list of conveyancers you have to use for the mortgage aspect of your home move.

Why is it not possible to complete our conveyancing in Wimborne Minster on May bank holiday?

Because on completion the purchase price needs to be transferred electronically between the banks of the buyer and owner’s conveyancer and at present this can only take place on a business day. It is not possible to complete on a weekend either.

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