I am due to exchange buying a house in Seaton Sluice but as a result of wreckage from the recent storms I have managed to agree compensation from the seller in the sum of three thousand pounds taking the form of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process yet Virgin Money are not allowing this. Why were they informed?

Your conveyancing practitioner that is on a Virgin Money approved list is required to advise Virgin Money of any variations to the purchase price. If you prohibit your conveyancer to disclose the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new property lawyer for your conveyancing in Seaton Sluice.

In what way does my ID and proof of funds have anything to do with my conveyancing in Seaton Sluice? Why is this being asked of me?

Seaton Sluice conveyancing solicitors and indeed property lawyers throughout the UK have a duty under money laundering regulations to check the ID of any client in order to ensure that clients are who they say they are.

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

Confirmation of source of funds is also necessary under the money laundering regulations as solicitors are required to ensure that the monies you are using to acquire a property (be it the exchange deposit or the total purchase price where you are buying without a mortgage) has originated from legitimate source (such as employment savings) rather than the proceeds of criminal behaviour.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Seaton Sluice?

Two types of professional can carry out conveyancing in Seaton Sluice namely CLC regulated conveyancers or solicitors. Both professionals administer the legal services that you need to complete the sale or purchase of property. They are both duty bound to execute Seaton Sluice conveyancing to the same standards and guidelines so you may be safe in the knowledge that your conveyancing will be professionally carried out and that all requisite procedures will be appropriately adhered to.

Is it the case that all Seaton Sluice solicitor firms on the Kent Reliance conveyancing panel are regulated by the Solicitors Regulatory Authority?

As a firm of solicitors, in order to be on the Kent Reliance approved list of solicitors they would need to be overseen by the SRA. Many lenders do allow licenced conveyancers on their panel and in that case the organisation would be regulated by the CLC.

We had appointed solicitors located in Seaton Sluice on the Co-operative solicitor approved list. They have just billed me a separate charge for dealing with the Co-operative mortgage. Is this an additional conveyancing fee set by Co-operative?

Provided it is contained in their Terms and Conditions or Quote then yes your conveyancer is entitled to levy a fee for this. This charge is not set by Co-operative but by your Seaton Sluice conveyancing practitioner. Some firms on the Co-operative panel will charge ’dealing with mortgage’ fee and others do not.

Will commercial conveyancing searches reveal impending roadworks that could impact a commercial property in Seaton Sluice?

Its becoming the norm that commercial conveyancing solicitors in Seaton Sluice will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Seaton Sluice. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Seaton Sluice.

For every commercial conveyancing transaction in Seaton Sluice it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Seaton Sluice commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Seaton Sluice.

I have been sourcing a conveyancing lawyer in Seaton Sluice for my home move. Can I check a firm’s complaints history with the legal regulator?

You may see presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator could monitor call for training requirements.