I am under pressure from the mortgagee in possession of a property in Liss to exchange within four weeks. What can be done to expedite the buying process?
Where the seller is applying time constraints to complete it is highly recommended that your solicitor is familiar with the location as they will have local contacts and intelligence. It is even conceivable that they could have conducted previoushomes in the same road. Therefore consider using a Liss conveyancing lawyer. In addition, check that the conveyancing firm is on the member panel. It is claimed that just under twenty per cent of Liss conveyancing deals are suspended or derailed after discovering a buyer’s conveyancer was not on their mortgage lender’s member panel. This can often result in the transaction being frustrated by almost 21 days. It is said that this issue impacts approximately one hundred thousand home moves annually. Many Liss conveyancing firms can not represent certain mortgage companies so do check at the outset.
In what way does my ID and proof of funds have anything to do with my conveyancing in Liss? What am I being asked for?
In order to comply with Money Laundering Regulations any Liss conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
Under Money Laundering Regulations, conveyancing solicitors are required to check not only the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
Do I need to attend the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Liss so that I can attend their offices if required.
Whereas this was necessary ten years ago, the vast majority banks no longer need their conveyancing panel solicitor to witness the mortgagors signature. You will still be obliged to hand over identification documents and there are still distinct benefits to instructing a locally based ayer, in your situation a conveyancing solicitor in Liss.
How does conveyancing in Liss differ for new build properties?
Most buyers of new build property in Liss contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Liss typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Liss or who has acted in the same development.
How difficult is it to swap firm as I need to retain a firm on the Barclays Direct conveyancing list. I hired a family conveyancing solicitor in Liss round the corner but he is not accepted by Barclays Direct
It would be our pleasure to help you find a conveyancing solicitor in Liss on the Barclays Direct panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Liss. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Liss.