In what way does my ID and proof of funds have anything to do with my conveyancing in Accrington? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Accrington conveyancing firm will require proof of identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility account showing where you live.
In accordance with Money Laundering Regulations, conveyancers are obliged by law to check not simply the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to notify the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
Our bank has suggested a law firm on their panel based in Accrington but I would rather instruct a conveyancing lawyer in Accrington or nearer to where I live. Can you assist?
The minority of Accrington conveyancing firms are on all lender’s conveyancing panel. Please make use of our find an approved solicitor tool to choose a Accrington conveyancing firm on the on the mortgage company panel.
Do commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Accrington?
Many commercial conveyancing solicitors in Accrington will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Accrington. The search result 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 Accrington.
For every commercial conveyancing transaction in Accrington it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Accrington commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Accrington.
How does conveyancing in Accrington differ for new build properties?
Most buyers of new build premises in Accrington come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because developers in Accrington usually acquire 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 Accrington or who has acted in the same development.
I have been sourcing a conveyancing lawyer in Accrington for my sale. Is it possible to see a firm’s record with the legal regulator?
Anyone can read published Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training purposes.
I own a leasehold house in Accrington. Conveyancing and Aldermore mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Accrington who previously acted has now retired. Any advice?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Accrington conveyancing solicitor to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Accrington Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
-
Are any of leasehold owners in dispute over their service charge liability? The prefered form of lease structure is where the freehold title is in the ownership of the leaseholders. In this scenario the lessees have being in charge if their destiny and although a managing agent is usually retained where it is larger than a house conversion, the managing agent acts for the leaseholders themselves. Is anyone aware of any major works on the horizon that will likely add a premium to the service costs?