Much to our surprise we have been told by our lender that my Wootton Bridge the law firm I have appointed is not on the lender Conveyancing panel. How can I be sure if this is correct?
Your first step should be to contact your Wootton Bridge conveyancer. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
What does my ID and proof of funds have anything to do with my conveyancing in Wootton Bridge? Is this really necessary?
To satisfy the Money Laundering Regulations any Wootton Bridge conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account showing where you reside.
In accordance with Money Laundering Regulations, conveyancers are required to investigate not simply the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this will result in your lawyer cancelling 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 inform the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
It has been four months since my purchase conveyancing in Wootton Bridge concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How do I use the search facility to locate a conveyancing practitioner in Wootton Bridge on the authorised to act for my lender?
First choose a lender such as Yorkshire Building Society, The Royal Bank of Scotland or Platform Home Loans Ltd then specify your preferred area for instance Wootton Bridge. Conveyancing organisations in Wootton Bridge and across England and Wales will then be shown.
Are you able to clarify what options are open to me where my Wootton Bridge conveyancing searches shows detrimental results?
On the whole, almost all problems exposed in Wootton Bridge conveyancing search results can be dealt with in advance of completion or title insurance can be obtained. It is important to note that regardless of the fact that you may be purchasing the property and might be willing to accept the search results, your lender may not, and ultimately have the final decision.