Our Barrow In Furness lawyer has discovered an inconsistency when comparing the assumptions in the home valuation report and what is in the title deeds. My lawyer says that he needs to ensure that the lender is happy with this discrepancy and is content to go ahead. Is my conveyancer’s approach right?

Your solicitor must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

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

To satisfy the Money Laundering Regulations any Barrow In Furness conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility bill showing your correct address.

Under Money Laundering Regulations, property lawyers are duty bound to validate not just the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this will lead to your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your property lawyers are duty bound to notify the appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.

I am buying a new build apartment in Barrow In Furness. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Barrow In Furness

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.

I have been advised by a number of selling agents in Barrow In Furness to get a quote from a solicitor on your site. Is there a financial advantage for Estate Agents to promote your services rather than a competitor’s?

We don’t offer any referral fee for sending work to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.

My husband and I are a couple of weeks into a freehold purchase having been directed to a firm by the selling agent to do our conveyancing in Barrow In Furness. I am not happy. Can you you assist me in finding new conveyancers?

They would have to be really poor to suggest diss instructing them. Has your loan offer been sent? If so you will need to make them aware of the new lawyer and ensure the offer are re-issued. Your solicitor ideally needs to be on the mortgage company panel to avoid supplemental costs and delays. So that should be your starting point. Our find a solicitor tool should help you find a bank approved solicitor for your home move in Barrow In Furness