What does my ID and proof of funds have anything to do with my conveyancing in Crouch End? What am I being asked for?
In order to comply with Money Laundering Regulations any Crouch End conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
In accordance with Money Laundering Regulations, property lawyers are required to check not simply the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this will result in your lawyer terminating 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 inform the appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
I had intended to instruct a property lawyer in Crouch End for our house move. Our broker has since notified us that our mortgage lenders HSBC Bank won't deal with them. Surely this is unfair competition?
Mortgage Companies on the whole restrict either the category or the amount of conveyancing firms on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must not be a sole practitioner. In addition to restricting the type of firm, a few lenders have decided to limit the amount of solicitor practices they use to act for them. Be aware that HSBC Bank have no responsibility for the quality of advice provided by any member of HSBC Bank Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels since 2008 even though there are mixed views regarding the level of solicitor engagement in some of that fraud. Data from the Land Registry indicate that plenty of law firms, including some in or near Crouch End only carry out one or two conveyances a year.
I need some quick conveyancing in Crouch End as I am faced with pressure to sign on the dotted line within 4 weeks. Luckily I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a mortgage you have the choice not to have searches carried out although no conveyancer would advise that you don't. With plenty of history conveyancing in Crouch End the following are examples of what can crop up and adversely affect future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
What does commercial conveyancing in Crouch End cover?
Commercial conveyancing in Crouch End covers a wide range of advice, offered by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am tempted by the attractive purchase price for a two maisonettes in Crouch End both have about forty five years left on the leases. Will this present a problem?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease gets shorter the marketability of the lease decreases and it becomes more expensive to extend the lease. For this reason it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this arena.
Despite our best efforts, we have been unsuccessful in seeking a lease extension in Crouch End. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We are happy to put you in touch with a Crouch End conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Crouch End flat is Flat 2A 19 Shepherds Hill in June 2014. The tribunal concluded in accordance with section 48 and schedule 13 of the Leasehold Reform,Housing and Urban Development Act (the 1993 Act) that the premium payable in respect of the grant of a new lease for the Flat be £24,303 (twenty four thousand three hundred and three pounds) This case related to 1 flat. The unexpired lease term was 67.85 years.
Do I need to have a meeting at the offices of the bank conveyancing panel solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Crouch End so that I can attend their offices if necessary.
Whereas this was necessary 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Crouch End.
