What does my ID and proof of funds have anything to do with my conveyancing in Kegworth? Is this really necessary?
Kegworth conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill no older than three months).
Evidence of source of funds is also required under the money laundering laws as lawyers are obliged to ensure that the money you are using to buy a property (whether it be the deposit for exchange or the total purchase monies if you are buying without a mortgage) has originated from legitimate source (such as employment savings) rather than the proceeds of illegitimate behaviour.
I am purchasing a new build flat in Kegworth. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Kegworth you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Kegworth.
I am currently in the process of buying my council flat in Kegworth. I have a mortgage offer with Lloyds. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
The formalities of my remortgage has taken place for my property in Kegworth. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
RBS have agreed my mortgage in principle, my bid on a property in Kegworth has been agreed to, what happens next?
Your property agent will want to know who your solicitors are (be sure the lawyers are on the bank’s panel). Contact RBS or the financial adviser and finalise any relevant documentation. RBS will instruct a valuer who will get in contact with the estate agent or owners to schedule a slot for the valuation to take place. Once carried out (assuming no problems) it takes approximately a fortnight to receive the mortgage offer. RBS will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Kegworth.
Due to the encouragement of my in-laws I had a survey completed on a property in Kegworth before appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some lenders will refuse to issue a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kegworth. Conveyancing will be smoother if you use a solicitor in Kegworth especially if they are acquainted with such properties in Kegworth.
As co-executor for the estate of my grandmother I am disposing of a property in Swansea but I am based in Kegworth. My solicitor (based 235 kilometers awayneeds me to execute a statutory declaration prior to completion. Could you suggest a conveyancing solicitor in Kegworth to witness this legal document for me?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are located in Kegworth