My mortgage broker has requested my Tolworth law firm’s panel reference for the HSBC conveyancing panel. What is the best way to find this out. I have e-mailed my local Tolworth office but they cant find it on their system.
The sensible thing to do is ask for this information from your Tolworth property lawyer . Most Tolworth law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
What does my ID and proof of funds have anything to do with my conveyancing in Tolworth? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Tolworth. However these days you can not proceed with any conveyancing process without first supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Remember if you are supplying your driving licence as evidence of identification it needs to be both the paper part and photo card part, one is not satisfactory in the absence of the other.
Proof of the origin of money is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer must retain this information on file. Your Tolworth conveyancing practitioner will need to see evidence of proof of funds prior to accepting any money from you into their client account and they will also ask further questions regarding the origin of monies.
Various internet forums that I have frequented warn that are the primary reason for stalling in Tolworth house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Tolworth.
Despite weeks of looking the Title Certificate and documents to my house are lost. The solicitors who conducted the conveyancing in Tolworth 5 years ago are no longer around. What are my next steps?
In today’s world there are copies made of almost everything, and your solicitor will be aware exactly where to locate all the appropriate paperwork so you may purchase or sell your house without a hitch. If copies can’t be found, your solicitor may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on the premises.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Tolworth is the location of the property. Is there any guidance you can give?
Flying freeholds in Tolworth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tolworth you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tolworth may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.