In what way does my ID and proof of funds have anything to do with my conveyancing in Frome? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Frome. Nowadays you will not be able to proceed with any conveyancing process without first supplying evidence of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper section as well as the photo card part, one is not sufficient without the other.
Evidence of your origin of funds is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor will need to retain this information on record. Your Frome conveyancing lawyer will require evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further queries regarding the source of funds.
We're in Frome, FTBs purchasing with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have justdiscovered that Stirling Law have been shut down. They carried out my conveyancing in Frome for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to see if the premises is in your name, 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 Frome conveyancing specialists.
I have been on the look out for a flat up to £235,500 and found one near me in Frome I like with amenity areas and railway links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Frome in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage that many years will likely be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
My partner has encouraged me to instruct his lawyers for conveyancing in Frome. Should I choose my own solicitor?
No doubt it’s preferable to select a conveyancing lawyer is to seek referrals from friends or family who have actually used the solicitor that you are contemplating using.