In what way does my ID and proof of funds have anything to do with my conveyancing in Cotswolds? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Cotswolds. However these days you can not complete any conveyancing transaction if you have not handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a utility bill. Please note that if you are providing your driving licence as evidence of ID it needs to be both the paper element as well as the photo card part, one is not acceptable without the other.
Proof of your source of funds is mandated in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer must retain this information on record. Your Cotswolds conveyancing practitioner will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask further queries regarding the source of funds.
What will a local search reveal concerning the property we're purchasing in Cotswolds?
Cotswolds conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for instance PSG The local search plays an important role in many a Cotswolds conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
It has been five months following my purchase conveyancing in Cotswolds concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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.
How easy is it to use your search facility to find a conveyancing practitioner in Cotswolds on the authorised to act for my bank?
Step one is to choose a bank such as Yorkshire Building Society, Skipton Building Society or Godiva Mortgages Ltd then type in your location such as Cotswolds. Conveyancing practices in Cotswolds and beyond should be listed.
I have been looking for Cotswolds conveyancing quotes online. Can I be sure that all the Cotswolds law firms that are identified on your site are on the lender conveyancing panel?
The law firms listed on our site have advised us that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Cotswolds firm being on the lender conveyancing panel is not accurate.