In what way does my ID and proof of funds have anything to do with my conveyancing in Old Swan? What am I being asked for?

Old Swan conveyancing solicitors and indeed property lawyers 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 are required to provide two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).

Evidence of source of funds is also required under the money laundering statutes as conveyancers have a duty to check that the money you are utilising to acquire a property (whether it be the deposit for exchange or the full purchase monies where you are a cash purchaser) has originated from legitimate source (such as employment savings) rather than the proceeds of illegitimate behaviour.

I am purchasing a right to buy a flat in Old Swan. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?

Leaving aside the complexities and merits of DIY conveyancing in Old Swan you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Old Swan.

How does conveyancing in Old Swan differ for new build properties?

Most buyers of new build premises in Old Swan contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Old Swan typically purchase 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 accustomed to new build conveyancing in Old Swan or who has acted in the same development.

Is it simple use the search facility to locate a conveyancing solicitor in Old Swan on the panel for my lender?

Step one is to select a mortgage company such as Lloyds TSB Bank, Skipton Building Society or Alliance & Leicester then specify your location e.g. Old Swan. Conveyancing firms in Old Swan and further afield will then be listed.

As co-executor for the will of my father I am disposing of a residence in Cardiff but reside in Old Swan. My solicitor (based 260 kilometers from meneeds me to execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Old Swan who can attest and place their company stamp on the document?

Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are located in Old Swan