In what way does my ID and proof of funds have anything to do with my conveyancing in Barons Court? Is this really necessary?

To satisfy the Money Laundering Regulations any Barons Court conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally 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 required to investigate not simply the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this may result in your conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to notify the appropriate authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.

Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Barons Court so that I can pop in to their offices when needed.

Whereas this was necessary 15 years ago, almost all lenders no longer oblige their conveyancing panel lawyer to witness the borrowers signature. It will still be necessary for you to hand over identification documents and there are still manifest advantages to choosing a locally based ayer, in your situation a conveyancing solicitor in Barons Court.

My conveyancer has informed me that lack of right of way insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Barons Court?

The appropriate level of lack of right of way indemnity insurance should be dictated by who who your lender is. It would differ for example between Birmingham Midshires and The Royal Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such policies.

It is unclear whether my lender requires a lease extension. I have called into my local Barons Court bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Barons Court conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?

Provided that the conveyancing practitioner is on the lender approved list, she or he must adhere to the CML Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.

Coventry BS have agreed my home loan in principle, my offer on a apartment in Barons Court has been agreed to, what happens next?

The property agent will wish to be informed of your solicitor's details (be sure the solicitors are on the lender’s panel). Telephone Coventry BS or the broker and finalise any appropriate paperwork. Coventry BS will instruct a valuer who will get in contact with the estate agent or vendor to schedule an appointment. Once conducted (assuming no problems) it takes on average a week for the mortgage offer to be issued. Coventry BS will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Barons Court.

2 months have elapsed since my purchase conveyancing in Barons Court took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I'm refinancing my primary property to a buy to let mortgage with Barclays Direct and intend to use the remaining equity towards further house. The location we are talking about is Barons Court. Will your lawyers be able to act for the two lenders and link together the conveyances?

Do use our comparison tool on this site to check that the lawyers are approved by both banks. Assuming that they are the solicitor should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make clear your desired outcome and requirements.