What does my ID and proof of funds have anything to do with my conveyancing in Coventry? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Coventry 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 your correct address.
Under Money Laundering Regulations, property lawyers are obliged by law to validate not simply the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this will result in your solicitor cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I require quick conveyancing in Coventry as I am under an ultimatum to exchange contracts in less than 2 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at liberty not to have searches carried out although no solicitor would advise that you don't. Drawing on years of experience of conveyancing in Coventry the following are examples of what can crop up and adversely impact market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
The deeds to our house can not be found. The solicitors who handled the conveyancing in Coventry 5 years ago have long since closed. What are my options?
Nowadays there are duplicates made of almost everything, and your solicitor should be aware precisely where to locate all the suitable documentation so you may buy or sell your house without a hitch. If duplicates are not available, your lawyer can arrange cover in the form of insurance or indemnities against future claims on the property.
I am buying a new build apartment in Coventry. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Coventry
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Due to the advice of my in-laws I had a survey completed on a house in Coventry before instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some banks will refuse to issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you e-mail us we can investigate further with 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 Coventry. Conveyancing may be slightly more expensive based on your lender's requirements.
I am a fortnight into a residential purchase having been directed to conveyancers by the local agent to execute conveyancing in Coventry. I am am starting to be frustrated with the quality of service. Could you help me find new conveyancers?
A solicitor would have to be really bad in order to consider changing them. Has the loan offer been issued? In the event that it has you need to advise them of the new lawyer and have the mortgage documents are re-issued. The conveyancer should be on the mortgage company approved list to avoid escalating fees and complications. So that should be your first question of the new conveyancers. Our find a solicitor tool should help you find a lender approved solicitor for your home move in Coventry