I was informed today by my estate agent that my Lightwater the law firm I have appointed is not on the lender Solicitor panel. How can I be sure that this is correct?
Your first step should be to call your Lightwater conveyancer. It is reasonable to expect your lawyer to advise you what has happened. Where they are not on the panel they may be able to suggest a Lightwater conveyancing practice that is on the conveyancing panel for your mortgage company.
In what way does my ID and proof of funds have anything to do with my conveyancing in Lightwater? Is this really necessary?
In order to comply with Money Laundering Regulations any Lightwater conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account showing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to ascertain not just the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this will result in your lawyer terminating their retainer 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 notify the appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Just bought a detached house in Lightwater , What is the estimated time for the Land Registry to record my proprietorship? My Lightwater conveyancing solicitor has been painfully slow, so I want to check that my ownership is registered.
As far as conveyancing in Lightwater registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can vary depending on the party submitting the application, whether there are errors and if the Land registry need to notify any other persons or bodies. As of today approximately three quarters of submission are fully addressed within 12 days but some can be subject to longer delays. Registration occurs once the purchaser is living at the premises thus post completion formalities is not always top priority yet if it is urgent that the the registration takes place urgently then you or your solicitor can contact the land registry and explain the circumstances.
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Lightwater I like with open areas and transport links in the vicinity, however it's only got 52 remaining years left on the lease. I can't really find anything else in Lightwater suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan that many years will likely be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
Are there any apps to help identify a Lightwater law firm on the Leeds Building Society conveyancing panel? I have a car and am willing to travel upto 10kilometers to meet the solicitor.
You can use the search on this page. Please pick a mortgage company and your location and you will see a number of Lightwater conveyancing lawyers locally. We have listed some Lightwater conveyancing firms towards the end of this page and you can telephone them to check if they are on the Leeds Building Society member panel