What does my ID and proof of funds have anything to do with my conveyancing in Walton on the Naze? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Walton on the Naze. Nowadays you will not be able to proceed with any conveyancing transaction if you have not supplying evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as evidence of identification it needs to be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.
Verification of your origin of funds is necessary under Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer will need to have this information on file. Your Walton on the Naze conveyancing practitioner will need to see evidence of proof of funds prior to accepting any money from you into their client account and they will also ask additional queries regarding the origin of monies.
Do the Building Society Association intend to launch a search tool with a view to list practices on the Melton Mowbray Building Society conveyancing panel for instance in Walton on the Naze?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
I have decided to exercise my right to buy my property in Walton on the Naze off the council. I have a mortgage agreed with Virgin Money. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
Leeds Building Society have agreed my mortgage in principle, my offer on a apartment in Walton on the Naze has been accepted, what are the next steps?
Your estate agent will wish to be advised as to your conveyancing practitioner's details (ensure that the conveyancing practitioners are on the lender’s panel). Telephone Leeds Building Society or the financial adviser and finish off any appropriate forms. Leeds Building Society will sellect a valuer who will get in contact with the estate agent or vendor to book an appointment. Once carried out (assuming no problems) it takes approximately a week to get a mortgage offer. Leeds Building Society will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Walton on the Naze.
My sealed bid on a detached house in Walton on the Naze has been agreed to, but there is a chain. The sellers have offered on a flat, but it’s not been accepted yet, and have viewings of other properties in the pipeline. I have selected a high street conveyancing solicitor in Walton on the Naze. What do I do now? At what stage do I apply for the mortgage with Barclays?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then survey, Walton on the Naze conveyancing search fees, etc). The first thing to do is ensure that your conveyancer is on the Barclays approved list. Regarding the next phase this very much depends on the circumstances of your transaction, desire for the property and on the state of the market. In a rising market many purchasers would apply for the mortgage with Barclays and pay for the valuation and only if it comes back ok would they request their property lawyer to proceed with searches.
I used Arc property Solicitors several years ago for my conveyancing in Walton on the Naze. I now require my file but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Walton on the Naze of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Me and my wife are disposing of a Walton on the Naze property left to us seven years ago in 2012. I have over 12 years conveyancing experience and, although retired, wish to undertake my own legal work. The buyer's conveyancer has informed me that their bank will not allow us to do our own conveyancing mandating that the funds to be transferred to a solicitor's bank account.
Lending instructions to lawyers from all CML members state that If the seller is not legally represented the borrower's lawyers should check whether the bank needs to be notified so that a decision can be made as to whether they are prepared to proceed.