In what way does my ID and proof of funds have anything to do with my conveyancing in Grantham? Why is this being asked of me?

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

In accordance with Money Laundering Regulations, conveyancers are duty bound to investigate not simply the identity 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 ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers will have an obligation to notify the appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.

Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Grantham so that I can attend their offices when needed.

These days approved lawyers for lenders carry out all of the work via Royal Mail, internet or over the phone. This enables them to conduct the legal work for your home move no matter where you live in the country. Nevertheless you can check if you can still book an appointment to visit conveyancing lawyer if just in case this is required.

I'm purchasing my first flat in Grantham with a loan from . The builders would not budge the price so I negotiated 6k of additionals instead. The property agent suggested that I not inform my solicitor about this deal as it could affect my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.