What does my ID and proof of funds have anything to do with my conveyancing in Wilton? Why is this being asked of me?

Wilton conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to supply two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Bank Statement no older than three months).

Confirmation of source of funds is also necessary under the money laundering regulations as conveyancers are mandated to ensure that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase amount where you are a cash purchaser) has originated from a reputable source (such as employment savings) as opposed to the product of illegitimate behaviour.

I am buying a property and need a conveyancing solicitor in Wilton who is on the Platform Home Loans Ltd solicitor. Could you point me in the right direction as regards a firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Platform Home Loans Ltd in certain locations such as Wilton. We dont recommend any particular firm.

We are purchasing a house in Wilton. I might seem paranoid but how we can trust a solicitor? At some point we have to send money into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Are all Wilton Conveyancing Quality Solicitors on the Co-operative conveyancing list of approved solicitors?

A selection of banks and building societies now utilise the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.

I had a mortgage agreed in principle with Co-operative. Wilton conveyancing practitioners are chosen. How long does it take for Co-operative to send the offer to the property lawyer?

Some lenders take longer than others. Have Co-operative completed the valuation? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

I am looking for a ground for flat up to £235,500 and found one round the corner in Wilton I like with amenity areas and railway links nearby, however it only has 51 years on the lease. I can't really find anything else in Wilton for this price, so just wondered if I would be making a mistake acquiring a short lease?

Should you need a mortgage the shortness of the lease will be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.

Do I need to be concerned by estate agents that I am dealing with are recommending a nationwide conveyancing firm as opposed to a High Street Wilton conveyancing company?

As is the case with lots of service providers, often referrals from family and friends can be extremely useful or valuable. Yet there are lots of players in a conveyancing transaction; estate agents, financial adviser and mortgage companies may recommend conveyancers to select. On occasion the conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there might be a commercial relationship behind the recommendation. You are free to appoint your own lawyer. Don't forget that many mortgage providers operate an approved list of law firms you are obliged to use for the lender aspect of your house move.