In what way does my ID and proof of funds have anything to do with my conveyancing in Eccles? What am I being asked for?
In order to comply with Money Laundering Regulations any Eccles conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing where you live.
In accordance with Money Laundering Regulations, property lawyers are duty bound to investigate not simply the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may result in your lawyer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to notify the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
It has been 4 months since my purchase conveyancing in Eccles concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 property 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 does conveyancing in Eccles differ for new build properties?
Most buyers of new build residence in Eccles approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Eccles typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Eccles or who has acted in the same development.
I was recommended by a number of estate agents in Eccles to select a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to recommend your site over alternative conveyancing organisations?
We don’t offer any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
Should I go with a Eccles conveyancing lawyer based in the area that I am hoping to buy? I have an old university friend who can execute the conveyancing however they are based 200miles drive away.
The primary upside of using a local Eccles conveyancing firm is that you can drop in to execute paperwork, present your ID and pester them where appropriate. They will also have local insight which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and the majority were content that should trump using an unknown Eccles conveyancing lawyer solely due to them being round the corner.