My previous lawyer has sent a quote for £1350 for no move no fee conveyancing in Tenterden. I’m selling a newly refurbished house for £175,000. Is this over the top? Is it in excess of what I should be paying for conveyancing in Tenterden?
The estimate does seem marginally overpriced. If you shop around you may be able to get the conveyancing a bit cheaper by say £125. On the other hand, you mightlive to regret opting for an an untested conveyancer. If is important to check that the solicitor can act for your lender. You can use our comparison tool to choose a Tenterden conveyancing firm on the lender’s conveyancing panel which can often include conveyancing solicitors in Tenterden.
What does my ID and proof of funds have anything to do with my conveyancing in Tenterden? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Tenterden. Nowadays you will not be able to proceed with any conveyancing transaction in the absence providing proof of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Please note that if you are supplying your driving licence as evidence of ID it must be both the paper section and photo card part, one is not sufficient without the other.
Proof of your source of monies is necessary in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer will need to retain this information on record. Your Tenterden conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask additional queries concerning the source of funds.
Please explain the implications if my lawyer’s firm is suspended from the Coventry BS Solicitor panel ahead of completing my conveyancing in Tenterden?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Over the last few months I have been searching for a flat up to £235,500 and found one near me in Tenterden I like with amenity areas and station in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in Tenterden suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
Living abroad I am unable to attend my Tenterden conveyancing solicitors office to sign documents for conveyancing in Tenterden – is this a problem?
Not a problem. Tenterden conveyancing lawyers can conduct conveyancing transactions for clients nationally. It is not necessary for you to be able to meet your lawyer in the flesh at a Tenterden conveyancers office. Almost all conveyancing practitioner can handle all communications remotely from their Tenterden premises.