In what way does my ID and proof of funds have anything to do with my conveyancing in Chulmleigh? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Chulmleigh conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
Under Money Laundering Regulations, conveyancing solicitors are obliged by law to check not simply the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this will result in your solicitor cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to make a disclosure to the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Can I be sure that the Chulmleigh conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Chulmleigh getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer conducting your transaction.
The mortgage over my property is with TSB for my property in Chulmleigh. Conveyancing was finalised a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform TSB?
You must advise TSB in advance of letting out your property as this is likely to be a breach of TSB’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. It should not be necessary to do this via a TSB conveyancing panel firm.
The formalities of my purchase has taken place for my property in Chulmleigh. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
We are downsizing from our home in Chulmleigh and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A local conveyancer would know this is not the case. It does beg the question why the purchasers used a web based conveyancing outfit as opposed to a conveyancing solicitor in Chulmleigh. We have lived in Chulmleigh for 4 years we know of no issue. Should we contact our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Chulmleigh and how can your lawyers assist?
The particular law that you refer to gives a safeguard to commercial leaseholders, granting the a statutory right to apply to court for a renewal tenancy and continue in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Chulmleigh
Me and my wife have just had an offer accepted on a property and had an appointment on Wednesday with Nationwide for the mortgage. They advised us that when it comes to appointing a lawyer that if they are not on their approved panel of property lawyers then we will be subject to an a further charge of about two hundred pounds. This is because they will then have to select a solicitor to act for them as well as the one we choose to act for ourselves and we assume responsibility for their fees. I have asked Nationwide to supply me with a list so I can seek estimates only from their approved solicitors but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
You can enquire of Nationwide what their panel criteria is for a conveyancer.Then ask the conveyancing practitioner of your choice whether they meet the criteria and have they acted on loans for Nationwide previously. Where the answer to those is yes, then just double check with Nationwide. Alternatively please utilise our search facility and we should be able to find you a conveyancing practitioner in Chulmleigh on the panel for Nationwide.