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

In order to comply with Money Laundering Regulations any Nechells conveyancing firm will require proof of identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.

Under Money Laundering Regulations, conveyancing solicitors are obliged by law to check not only the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may lead to your lawyer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to inform the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.

I am downsizing from our house in Nechells and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Nechells conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed a web based conveyancing outfit rather than a conveyancing solicitor in Nechells. We have lived in Nechells for 5 years we know of no issue. Do we contact local Authority to seek confirmation that the buyers are looking for.

It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)

How does conveyancing in Nechells differ for newly converted properties?

Most buyers of new build residence in Nechells approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Nechells tend to acquire the site, 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 property lawyers 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 Nechells or who has acted in the same development.