My previous conveyancer has given a fee calculation of £1200 for no sale no fee conveyancing in Potters Bar.I’m selling a Edwardian detached home for 300,000 + 25k increments. Are these estimated fees excessive. Is it above the average fee for conveyancing in Potters Bar?

The quote is slightly on the steep side.Where you are content to expend time contrasting fee on a like for like basis you might shave off some of the cost by perhaps £125. On the other hand, you couldlive to rue opting for an a cheaper solicitor. Remember to ensure the conveyancer can represent your bank.Do utilise our comparison tool to find a Potters Bar conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Potters Bar.

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

In order to comply with Money Laundering Regulations any Potters Bar 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 showing your correct address.

Under Money Laundering Regulations, property lawyers are duty bound to check not just the identity 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 lawyer ending their retainer 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 make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.

Are there restrictive covenants that are commonly identified as part of conveyancing in Potters Bar?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Potters Bar. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’