My Woburn lawyer has identified an inconsistency when comparing the information in the valuation report and what is revealed within the title deeds. My solicitor informs me that he needs to check that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action legitimate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
What does my ID and proof of funds have anything to do with my conveyancing in Woburn? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Woburn conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility account evidencing where you reside.
In accordance with Money Laundering Regulations, conveyancers are duty bound to validate not only the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
Just had an offer accepted on a new build apartment in Woburn. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Woburn
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan.
I am looking to sell my home. My past conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Woburn if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Woburn. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
My lender have just issued us with a mortgage offer. We appointed a high street conveyancer in Woburn last week. Today, our financial adviser contacted us saying that the lender said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we had no idea that the bank had some control over our choice Is this usual?
You are permitted to use any conveyencer you wish to appoint including the said conveyancer in Woburn however if they are not on the your bank's approved list you will have to fork out additional cost so the mortgage company can instruct their own lawyers. It may be possible your preferred conveyancing firm to get added to the mortgage company list of approved firms. You can use web-based search facilities such as lenderpanel.com to find a conveyancing solcitor in Woburn on the lender panel. You can go into your high street lender branch in Woburn. They can recommend conveyancing solicitors in Woburn on the panel for your bank.