Me and my fiance are purchasing a 3 bedroom apartment in Nunhead with a mortgage. We wish to retain our Nunhead conveyancer, however the bank advise he's not on their "panel". It seems we have little choice but to appoint one of the mortgage company panel solicitors or continue with our Nunhead property lawyer and pay for one of their panel firms to act for them. We consider that this is unjust; can we not require that the lender use our Nunhead conveyancer ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Nunhead conveyancing lawyer to apply to be on the conveyancing panel.
IfI was to acquire a straightforward housein Nunhead mortgage fee and dispense with a survey and no local authority searches how much should I expect to to save on my conveyancing in Nunhead?
Any savings you would make will be limited to the Nunhead conveyancing searches. The conveyancer still got to do everything else - money laundering, correspond with the vendors solicitor, SDLT submission, register the property etc. A marginal saving might be made by not needing to register a mortgage however it won't be a lot.
In what way does my ID and proof of funds have anything to do with my conveyancing in Nunhead? What am I being asked for?
Nunhead conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).
Evidence of the origin of monies is also required under the money laundering regulations as conveyancers are mandated to check that the funds you are using to acquire a property (whether it be the deposit for exchange or the total purchase monies where you are a cash purchaser) has come from a reputable source (such as an inheritance) rather than the product of criminal activity.
Our lender has suggested a law firm on their panel based in Nunhead but I would rather instruct a conveyancing lawyer in Nunhead round the corner to me. Can you assist?
Not all Nunhead conveyancing practices are approved and listed on all banks conveyancing panel. Use the above search tool to find a Nunhead conveyancing conveyancer on the on the lender panel.
How does the Landlord & Tenant Act 1954 impact my business property in Nunhead and how can your lawyers assist?
The 1954 Act affords security of tenure to commercial leaseholders, giving them the dueness to make a request to court for a renewal tenancy and remain in occupation at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Nunhead is one of the many areas of the UK in which the firms we work with are located