In what way does my ID and proof of funds have anything to do with my conveyancing in East Dean? What am I being asked for?
In order to comply with Money Laundering Regulations any East Dean conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
Under Money Laundering Regulations, conveyancers are required to ascertain not only the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this will result in your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
Do commercial conveyancing searches reveal proposed roadworks that could impact a commercial land in East Dean?
Many commercial conveyancing solicitors in East Dean will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in East Dean. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in East Dean.
For each commercial conveyancing transaction in East Dean it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to East Dean commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in East Dean.
How does conveyancing in East Dean differ for newly converted properties?
Most buyers of new build residence in East Dean contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in East Dean usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in East Dean or who has acted in the same development.
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in East Dean I like with a park and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in East Dean for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I'm refinancing my primary property to a buy to let loan with TSB and intend to use the remaining equity as a deposit on further house. The area we are talking about is East Dean. Will your lawyers be able to act for the two mortgage companies and link together the conveyances?
Do use our comparison tool on this page to check that the lawyers are approved by both lenders. Having checked that they are the conveyancer will be able to connect the two transactions but you should talk with you lawyer and specify your expectations and requirements.
I am searching for an affordable conveyancing lawyer in East Dean to assist me in selling my place. I really don't want to get ripped off and there are lots of East Dean conveyancing firms out there...who's the best?
A trustworthy personal recommendation via someone who has instructed a conveyancing solicitor before is no doubt a best. Almost everyone has used a conveyancing lawyer at some point. Do make the most of our tool to compare East Dean conveyancing quotes