In what way does my ID and proof of funds have anything to do with my conveyancing in Corwen? Why is this being asked of me?
Corwen conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under money laundering regulations to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Evidence of source of funds is also necessary in accordance with the money laundering laws as solicitors are mandated to ensure that the monies you are using to buy a property (be it the exchange deposit or the full purchase amount where you are a cash purchaser) has originated from an acceptable source (such as employment savings) rather than the proceeds of illegitimate behaviour.
My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Corwen. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this allowed?
If you intend to refinance then Coventry BS will require that you use a conveyancer on the Coventry BS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Coventry BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Coventry BS mortgage is registered as a charge at the Land Registry.
Just acquired a terraced house in Corwen , how long will it take for the Land Registry to record my title? My Corwen conveyancing solicitor works at snail pace, so I want to be certain the registration is concluded.
There is nothing unique when it comes to conveyancing in Corwen registration formalities. As opposed to being determined by geographic area, timescales can differ depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any other persons or bodies. As of today roughly 80% of submission are completed in less than three weeks but some can be subject to longer delays. Historically registration is effected after the purchaser is living at the property therefore registration formalities is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your solicitor should contact the land registry and explain the circumstances.
Due to the advice of my in-laws I had a survey completed on a property in Corwen in advance of instructing conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some lenders tend not give a mortgage on such a property.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Corwen. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm converting the mortgage on my current property to a buy to let mortgage with Clydesdale and intend to use the remaining equity as a deposit on another house. The location we are looking at is Corwen. Will your conveyancers be able to act for the two mortgage companies and tie in the transactions?
Do use our comparison tool on this page to be sure that the lawyers are on the relevant lender panels. Assuming that they are your lawyer should be able to tie up the two transactions but you should have a chat with you solicitor and make apparent your expectations and requirements.
There are only Fifty years unexpired on my lease in Corwen. I now wish to extend my lease but my landlord is missing. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to locate the landlord. For most situations an enquiry agent would be useful to conduct investigations and prepare a report which can be used as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer both on investigating the landlord’s disappearance and the vesting order request to the County Court covering Corwen.
Corwen Leasehold Conveyancing - A selection of Queries before buying
The answer will be helpful as a) areas may cause problems for the block as the common areas may start to deteriorate where services are not paid for b) if the leaseholders have an issue with the running of the building you will want to have full disclosure What is the name of the managing agents?