What does my ID and proof of funds have anything to do with my conveyancing in Babbacombe? What am I being asked for?
To satisfy the Money Laundering Regulations any Babbacombe conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, property lawyers are required to investigate not just the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
We are close to exchanging contracts on the sale of our home in Babbacombe and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed an online conveyancing practice rather than a conveyancing solicitor in Babbacombe. Having lived in Babbacombe for many years we know of no issue. Should we contact our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
Are there restrictive covenants that are commonly picked up as part of conveyancing in Babbacombe?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Babbacombe. 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…’
Due to the advice of my in-laws I had a survey completed on a house in Babbacombe prior to appointing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some mortgage companies tend refuse to issue a loan on this type of property.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Babbacombe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Babbacombe to see if the conveyancing costs will increase in light of this.
My business partner and I are planning to take over a lease of an office on the high street. Can you recommend solicitors offering no-sale-no costs for commercial conveyancing in Babbacombe for below £1,200?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Babbacombe, including the sale and purchase of businesses as well as simply premises. Whether you are intending to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. As for the costs this will depend on the structure and terms of the deal. Please provide us with your details or email us so that we can provide you with a fixed commercial conveyancing calculation.
We're novice buyers - agreed a price, but the agent told us that the vendor will only proceed if we instruct their preferred conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a family solicitor accustomed to conveyancing in Babbacombe
We suspect that the seller is unaware of this demand. If they require ‘a quick sale', taking such a hostile approach to a serious buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the owners and make sure they understand (a)you are motivated purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you intend to use your own,trusted Babbacombe conveyancing firm - rather thanthose that will provide their negotiator at the agency a commission or meet his conveyancing figures set by head office.