What does my ID and proof of funds have anything to do with my conveyancing in Newham? Why is this being asked of me?

Newham conveyancing solicitors and indeed property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client in order to ensure that clients are who they say they are.

Conveyancing clients will need to provide two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).

Proof of the origin of funds is also necessary under the money laundering laws as solicitors are duty bound to check that the monies you are utilising to purchase a property (be it the exchange deposit or the total purchase monies if you are buying without a mortgage) has come from an acceptable source (such as an inheritance) as opposed to the product of criminal behaviour.

How does conveyancing in Newham differ for new build properties?

Most buyers of new build residence in Newham approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Newham typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Newham or who has acted in the same development.

My husband and I are 17 days into a residential purchase having been directed to conveyancers by the high street agent to handle our conveyancing in Newham. I am not happy. Can you help me find new solicitors?

A conveyancer would need to be very bad in order to consider changing them. Has your loan offer been generated? In the event that it has you must inform them of the new contact details and have the mortgage documents are re-issued. Your conveyancer should be on the mortgage company panel to avoid supplemental costs and complications. That should be your first question of the new solicitors. Our find a solicitor tool will help you find a bank approved conveyancer for your home move in Newham