In what way does my ID and proof of funds have anything to do with my conveyancing in Albrighton? Is this really warranted?
Albrighton conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Proof of source of funds is also required under the money laundering statutes as solicitors are required to ensure that the monies you are using to buy a property (whether it be the deposit for exchange or the full purchase monies where you are buying without a mortgage) has originated from a reputable source (such as an inheritance) rather than the proceeds of criminal activity.
My husband and I have arranged a further advance on our mortgage from Nottingham as we intend to conduct renovations to our property in Albrighton. Are we obliged to appoint a high street Albrighton solicitor on the Nottingham conveyancing panel to handle the legals?
Nottingham don't usually instruct firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham conveyancing panel.
The formalities of my purchase has taken place for my property in Albrighton. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Our sealed bid on a detached house in Albrighton has been accepted, but there is a chain. The vendors have offered on a flat, however it’s not yet tied up, and have viewings of other properties in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Albrighton. What do I do now? At what point do I apply for the mortgage with Bank of Ireland?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then valuation, Albrighton conveyancing search costs, etc). The first thing to do is ensure that your conveyancer is on the Bank of Ireland conveyancing panel. Concerning the subsequent stages this very much depends on the uniqueness of your transaction, desire for this property and on the state of the market. In a rising market some purchasers will apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it was satisfactory would they pay their property lawyer to press on with the conveyancing in Albrighton.
A friend recommended that where I am buying in Albrighton I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Albrighton conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Albrighton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Albrighton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Albrighton Education with plans and statistics, Local Amenities and other useful information concerning Albrighton.
4 months have gone by following my purchase conveyancing in Albrighton concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How can the Landlord & Tenant Act 1954 affect my commercial premises in Albrighton and how can your lawyers assist?
The 1954 Act provides protection to business leaseholders, giving them the dueness to make a request to court for a renewal lease and continue in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Albrighton is one of our numerous areas of the UK in which the firms we work with have offices
My mum and dad cant seem to find their Albrighton property on the HM Land Registry online search facility. They recall that sixty years ago when they bought the bungalow there were complications regarding Albrighton not being recognised in some systems.
Nearly all properties in Albrighton should show up. Have you attempted a search with simply the postcode. Usually it will disclose all the premises within the postcode. Where registered it will show up with a title number. Where they bought fifty years ago it's conceivable it may be unrecorded. The property could still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title papers which might be with your parent’s bank.