I was informed today by my lender that my Hillsborough solicitor is not on the bank Conveyancing panel. How can I check?

Your first step should be to call your Hillsborough conveyancer. You lawyer should inform you what has happened. Where they are not on the panel they may be able to suggest a Hillsborough conveyancing practice that is on the approved list of lawyers for your mortgage company.

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

Hillsborough conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to produce two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).

Proof of the origin of monies is also necessary under the money laundering statutes as lawyers have a duty to check that the money you are using to purchase a property (whether it be the deposit for exchange or the full purchase price where you are buying without a mortgage) has come from legitimate source (such as employment savings) as opposed to the proceeds of illegitimate activity.

Over the last few months I have been searching for a ground for flat up to £235,500 and identified one close by in Hillsborough I like with open areas and railway links in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Hillsborough for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?

Should you need a home loan the shortness of the lease will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

I'm remortgaging my primary home to a BTL mortgage with and I will use the ballance of the raised equity as a down payment on a second house. The area we are talking about is Hillsborough. Will your conveyancers be able to act for both sets of lenders and tie in the conveyances?

Make use of our search tool on this page to be sure that the solicitors are on the relevant lender panels. Assuming that they are your conveyancer will be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and make clear your desired outcome and needs.

I am looking for Hillsborough competitive conveyancing fees. Can I be confident that all the Hillsborough firms that are identified on your website are on the lender conveyancing panel?

The law firms on our directory 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 mortgage company or a member of the public that the data about a specific Hillsborough conveyancing solicitor being on the bank conveyancing panel is not accurate.