In what way does my ID and proof of funds have anything to do with my conveyancing in Alfreton? What am I being asked for?
In order to comply with Money Laundering Regulations any Alfreton conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing where you reside.
Under Money Laundering Regulations, conveyancing solicitors are required to check not just the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this may result in your lawyer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
The Alfreton conveyancing firm that I recently instructed on my house acquisition in Alfreton have suddenly shut down. They were on acting for me because I needed a solicitor on the UBS conveyancing panel and my preferred Alfreton lawyer was not. I wrote them a cheque for two hundred pounds in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the UBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The lawyers who dealt with the conveyancing in Alfreton 5 years ago are no longer around. Will I be able to sell the house?
Nowadays there are duplicates made of almost everything, and your lawyer will know exactly where to look for all the relevant documentation so you may buy or dispose of your property without a hitch. If duplicates are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities against possible claims on the property.
In my capacity as executor for the will of my father I am disposing of a residence in Neath but I am based in Alfreton. My lawyer (who is 260 kilometers from merequires that I execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Alfreton to attest and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are Alfreton based
I am looking at a two maisonettes in Alfreton both have about fifty years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the saleability of the lease decreases and results in it becoming more costly to extend the lease. This is why it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this arena.
Alfreton Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
How many of the leaseholders are in arrears for their service charge payments? Who is in charge of the building? Can you tell me if there are any major works on the horizon that will add a premium to the maintenance fees?
Being a tenant I am on the hook for a service charge for my property in Alfreton. Due to redundancy and other issues I slipped into arrears with remittance. The management company agreed a clearance plan but there remains a couple of outstanding as of today.
I am under pressure to dispose of the property and I am worried this could threaten to derail the sale if I have to pay off the arrears first. I'd like to sell up and subsequently pay them back with the completion monies - is this achievable?
It would be wise to clarify with the property lawyer dealing with your Alfreton conveyancing but it may be possible to agree for the outstanding amount to be transferred to the buyers. The purchase price due would be reduced to reflect the amount of debt they assume. They would then discharge the outstanding monies once they are the owners.