What does my ID and proof of funds have anything to do with my conveyancing in Thornaby? Why is this being asked of me?

In order to comply with Money Laundering Regulations any Thornaby conveyancing firm will require evidence of your identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.

In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to check not only the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this may 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 are duty bound to inform the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.

Should commercial conveyancing searches reveal proposed roadworks that may impact a commercial premises in Thornaby?

Many commercial conveyancing solicitors in Thornaby will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Thornaby. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Thornaby.

For each commercial conveyancing transaction in Thornaby it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can result in delays to Thornaby commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Thornaby.

I am buying a new build house in Thornaby with a mortgage from Barnsley Building Society. The developers would not move on the price so I negotiated 6k of additionals instead. The sale representative advised me not reveal to my lawyer about the extras as it could adversely affect my loan with the bank. Is this normal?.

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.

I was recommended by two or three local selling agents in Thornaby to get a quote from a conveyancer on your site. Is there a financial upside for Estate Agents to market your services over alternative conveyancing organisations?

We refuse to offer any referral fee for sending work our way. We found it would be just too difficult to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.

My husband and I are a couple of weeks into a residential purchase having been recommend to conveyancers by the high street agent to execute conveyancing in Thornaby. We are not happy. Could you you assist me in finding new lawyers?

They would need to be really poor to suggest replacing them. Has the loan offer been issued? In the event that it has you need to make them aware of the new contact details and get the offer are issued to the new lawyers. Your solicitor ideally should be on the mortgage company approved list to avoid added fees and complications. That should be your first question of the new solicitors. Our search tool will assist you in finding a lender approved solicitor for your home move in Thornaby