In what way does my ID and proof of funds have anything to do with my conveyancing in Underwood? What am I being asked for?

Underwood conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to supply two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).

Confirmation of the origin of monies is also required in compliance with the money laundering laws as lawyers are mandated to investigate that the money you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase monies if you are buying mortgage free) has come from legitimate source (such as an inheritance) as opposed to the proceeds of criminal activity.

Will my conveyancing lawyers need to check that the building insurance when buying a house in Underwood. My lender is The Mortgage Works

The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 1/2/2025, the requirements read as follows :

Are there restrictive covenants that are commonly identified during conveyancing in Underwood?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Underwood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

My husband and I are first time buyers - had an offer accepted, but the agent told us that the vendor will only issue a contract if we appoint their preferred solicitors as they want an ‘expedited deal’. We would rather use a local solicitor with experience of conveyancing in Underwood

It is highly unlikely the sellers are driving this. If they desire ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Bypass the agents and go straight to the owners and make the point that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to use your preferred Underwood conveyancing firm - rather thanthe ones that will provide the estate agent a commission or meet his conveyancing thresholds pre-set by corporate headquarters.

I purchased a flat in Underwood last 2/11/2023 and to date it is still not registered with HMLR. It was part of a development site and my solicitor told me that it may take twelve months to complete the registration formalities. I have called the Land Registry directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. What can I do?

It is your conveyancer that you must get in touch with in order to satisfy any questions which have arisen as part of the registration process for your Underwood property. Normal Underwood conveyancing practice includes an undertaking on the part of the previous owner’s solicitor that they will help resolve any registration raised by HMLR so it may be a case of taking action to enforce that undertaking if necessary.