I am expecting a offer of a home loan from Santander. My intention is to employ the services of a Licensed Conveyancer in Farringdon. Does the Santander Solicitor panel include Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
In what way does my ID and proof of funds have anything to do with my conveyancing in Farringdon? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Farringdon conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing where you reside.
In accordance with Money Laundering Regulations, conveyancers are required to ascertain not only 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 conveyancer 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 inform the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Is it the case that all Farringdon solicitors on the Bank of Ireland conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Bank of Ireland approved list of solicitors they would need to be regulated by the SRA. The majority of lenders do allow licenced conveyancers on their panel and in such a situation the practice would be regulated by the Council of Licensed Conveyancers.
Can I be sure that the Farringdon conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Farringdon getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor handling your transaction.
Virgin Money have agreed my mortgage in principle, my bid on a apartment in Farringdon has been accepted, now what?
The property agent will need to be informed of your solicitor's details (ensure that the conveyancers are on the bank’s panel). Telephone Virgin Money or your broker and finalise any outstanding forms. Virgin Money will instruct a valuer who will get in touch with the estate agent or seller to arrange a slot for the valuation to occur. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. Virgin Money will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Farringdon.
Just acquired a detached house in Farringdon , how long should it take for the Land Registry to register the transfer to my name? My Farringdon conveyancing solicitor has been very slow, so I want to be sure that my name is registered.
There is nothing unique when it comes to conveyancing in Farringdon registration formalities. Rather than based on location, timeframes can vary subject to the party submitting the application, whether there are errors and whether the Land registry must send notices to any interested persons or bodies. Currently approximately 80% of such applications are fully addressed in less than three weeks but occasionally there can be protracted delays. Historically registration occurs once the purchaser has moved in to the premises thus an expedited registration is not always an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for an expedited registration.
We are looking to acquire a repossessed house in Farringdon and the vendor demand completion inside 28 days. Do conveyancing practitioners meet that timeframe? Would it be better to instruct a high street Farringdon firm or an online conveyancer that advertises to offer speedy conveyancing?
Visit your Farringdon shopping parade. Go in to 3 companies and ask to talk to a conveyancing solicitor for a quote. Set out your needs and get assurances on deadlines. Choose the firm that comes across as most genuine. Make sure to choose a lawyer on the list of conveyancers acceptable to your mortgage company.