I am under pressure from the owner of a property in Thornaby on Tees to sign contracts within four weeks. What can I do to speed up matters?

In a situation where the seller is applying time constraints for your conveyancing we would recommend that your solicitor is familiar with the location as they will make use of local contacts and insight. It is possible that they may have handled otherproperties in the same neighbourhood. You would be best advised to use a Thornaby on Tees conveyancing firm. Second, check that the conveyancing firm is on the lender panel. It is claimed that 18% of Thornaby on Tees conveyancing transactions are frustrated or jeopardised after finding out that a buyer’s solicitor was not on their banks member panel. This can often result in the conveyancing being held up by almost 21 days. It is believed that this issue affects in the region of one hundred thousand home sales every year. Almost all Thornaby on Tees conveyancing practices can not act for certain banks so do check as early as possible.

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

You are right in these requests have nothing to do with conveyancing in Thornaby on Tees. Nowadays you will not be able to complete any conveyancing transaction in the absence submitting evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as proof of ID it must be both the paper element and photo card part, one is not acceptable without the other.

Evidence of the origin of monies is mandated in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor must have this information on file. Your Thornaby on Tees conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they will also ask additional questions concerning the origin of funds.

Various online forums that I have come across warn that are the primary reason for obstruction in Thornaby on Tees house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in Thornaby on Tees.

I moved into my house on 7 February and my personal details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Thornaby on Tees said it should be registered inside ten days. Are transfers in Thornaby on Tees particularly slow to register?

There is nothing unique about conveyancing in Thornaby on Tees registration formalities. Rather than based on location, timeframes can differ depending on who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd parties. At present roughly three quarters of submission are fully addressed within 12 days but occasionally there can be protracted delays. Registration takes place after the buyer has moved in to the property thus registration formalities is not usually top priority but if it is urgent that the the registration takes place urgently then you or your solicitor could communicate with the Registry to express the reasoning for an expedited registration.

Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Thornaby on Tees is where the house is located. What do you suggest?

Flying freeholds in Thornaby on Tees are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Thornaby on Tees you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thornaby on Tees may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.