My husband and I are nearing an exchange on a flat in Andover and my parents have sent the ten percent deposit to my . I am now told that as the deposit has been sent from someone other than me my needs to make a notification to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?

The is obliged to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only report this to your lender if you agree, failing which, your lawyer must cease to continue acting.

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

Andover conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation 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 provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).

Proof of the origin of funds is also necessary in compliance with the money laundering statutes as conveyancers are required to check that the money you are using to acquire a property (whether it be the deposit for exchange or the full purchase price where you are buying without a mortgage) has come from a reputable source (such as an inheritance) as opposed to the proceeds of criminal behaviour.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Andover?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Andover. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

What tools are available to locate a Andover solicitor on the conveyancing panel? I have wheels and am prepared to travel upto 25kilometers to meet the conveyancer.

Feel free to make use of the facility on this page. Please choose the bank and your location and you will see a number of Andover conveyancing lawyers based on proximity. We have detailed some Andover conveyancing firms towards the end of this page and you can ring them to check whether they are on the panel

I have recently placed an offer on a leasehold flat in Andover and the broker that we are dealing with suggested his . She quoted £1000 including VAT and disbursements. Does this sound expensive?

Don't just go on a single estimate. One should obtain like-for-like quotes for your conveyancing in Andover. Then select one that you trust and just as important, is on the approved list of the bank that you have applied for a mortgage from.