In what way does my ID and proof of funds have anything to do with my conveyancing in Chinatown? Is this really warranted?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Chinatown. However these days you can not complete any conveyancing deal if you have not submitting evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a utility bill. Please note that if you are providing your driving licence as evidence of identification it needs to be both the paper element and photo card part, one is not sufficient in the absence of the other.
Verification of the source of monies is mandated in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor must retain this information on file. Your Chinatown conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask additional queries regarding the source of funds.
I am considering remortgaging my house in Chinatown, does my lawyer have to be on the Kent Reliance Conveyancing panel?
In theory, you could use a solicitor that is not on the Kent Reliance conveyancing panel, but Kent Reliance would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
My relative suggested that if I am purchasing in Chinatown I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Chinatown conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Chinatown around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Chinatown Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Chinatown.
Me and my brother own a renovated Victorian house in Chinatown. Conveyancing lawyer acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chinatown and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who carried out the work.
I have been on the look out for a ground for flat up to £245,000 and identified one near me in Chinatown I like with a park and station in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Chinatown suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage that many years will be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
My business partner and I are hoping to take an assignment of a lease of an office on a shopping parade. Can you recommend solicitors offering no-sale-no costs for non-domestic conveyancing in Chinatown for below £1,200?
We can recommend firms who have specialist knowledge of commercial conveyancing in Chinatown, including the disposal and purchase of businesses as well as simply premises. If you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right firm. Regarding the fees these will vary based on the structure and complexity of the proposed transaction. Please provide us with your details or phone us so that we can provide you with a fixed commercial conveyancing calculation.