I was referred a conveyancer who has quoted £1350 for freehold conveyancing in South Wimbledon.I am looking to sell a Edwardian detached home for 300,000 + 25k increments. This seems over the top. Is it above what I should be paying for conveyancing in South Wimbledon?
The quote is slightly on the steep side.If you shop around you may be able to trim some of the cost by perhaps a hundred pounds. On the other hand, you couldlive to rue opting for an an untested solicitor. Don't forget to check that the solicitor can act for your lender.You can use our comparison tool to locate a South Wimbledon conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in South Wimbledon.
In what way does my ID and proof of funds have anything to do with my conveyancing in South Wimbledon? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in South Wimbledon. However these days you can not complete any conveyancing process if you have not providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are supplying your driving licence as evidence of identification it needs to be both the paper part as well as the photo card part, one is not acceptable in the absence of the other.
Evidence of the source of funds is required in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor will need to retain this information on record. Your South Wimbledon conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask further questions regarding the source of funds.
I have been told that property searches are the main reason for stalling in South Wimbledon conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in South Wimbledon.