What does my ID and proof of funds have anything to do with my conveyancing in Ellesmere Port? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Ellesmere Port conveyancing firm will require evidence of your identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility bill showing where you reside.
In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to investigate not just the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Ellesmere Port?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ellesmere Port. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What does commercial conveyancing in Ellesmere Port cover?
Ellesmere Port conveyancing for business premises covers a wide range of advice, supplied by qualified solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment 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 tenancies.
My husband and I are 14 days into a freehold purchase having been referred to a firm by the estate agent to handle our conveyancing in Ellesmere Port. I am not happy. Can you help me find new conveyancers?
A solicitor would have to be very bad in order to consider replacing them. Has the mortgage offer been generated? If so you will need to make them aware of the new conveyancer and ensure the offer are issued to the new lawyers. Your conveyancer needs to be on the lenders approved list to avoid escalating costs and delays. So that should be your starting point. Our find a solicitor tool can assist you in finding a lender approved solicitor for your home move in Ellesmere Port
Last July I purchased a leasehold property in Ellesmere Port. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Ellesmere Port Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
The majority of Ellesmere Port leasehold flats will be liable to pay a service charge for maintenance of the block levied on behalf of the freeholder. Where you purchase the apartment you will have to pay this liability, usually in instalments throughout the year. This may be anything from several hundred pounds to thousands of pounds for blocks with lifts and large communal areas. In all probability there will be a ground rent for you to pay annual, this is usually not a significant figure, say around £25-£75 but you should to enquire as on occasion it can be many hundreds of pounds. How much is the ground rent and service charge? How is the lease structured?
New build sellers have put forward a property lawyer and I've sought an estimate from them. They are nearly £300 cheaper than my preferred Ellesmere Port conveyancing practitioner. Should I use them?
Builders normally have lists of conveyancers who expedite matters and who know the builder's paperwork and conveyancer. As many developers offer an inducement to use a preferred property lawyer for this reason, any increased fees can be avoided and a developer won't put forward a conveyancing factory and run the risk of having the transaction stall when they need an exchange inside a month. A counter-argument for not opting for the suggested lawyer is that they may be hesitant to 'push' your interests at the risk of alienating the housebuilder. Where you have concerns that this may be the situation you should keep with your local Ellesmere Port solicitor.