I am under pressure from the executor of a property in Erith to sign contracts within four weeks. What can I do to expedite matters?
Where the seller is applying time constraints for your conveyancing we would recommend that your conveyancer is familiar with the location as they will benefit local connections and knowledge. It is even conceivable that they would have conducted otherproperties in the same street. You would be best advised to use a Erith conveyancing solicitor. Second, check that the lawyer is on the lender panel. It is said that 18% of Erith conveyancing transactions are frustrated or derailed after discovering a buyer’s conveyancer was not on their banks list of approved solicitors. In many cases this discovery resulted in the legal transfer of property being frustrated by almost three weeks. It is claimed that this issue impacts approximately one hundred thousand home sales every year. Many Erith conveyancing firms can not represent certain mortgage companies so do check at the outset.
In what way does my ID and proof of funds have anything to do with my conveyancing in Erith? Why is this being asked of me?
Erith conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under money laundering regulations to check the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Confirmation of source of monies is also required in accordance with the money laundering statutes as lawyers have a duty to check that the funds you are using to purchase a property (whether it be the deposit for exchange or the total purchase monies where you are a cash purchaser) has come from a reputable source (such as an inheritance) rather than the proceeds of criminal activity.
Various online forums that I have frequented warn that are the primary cause of hinderance in Erith conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Erith.
I used Stirling Law several years past for my conveyancing in Erith. I now require my papers but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Erith of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build flat in Erith. Conveyancing is necessary evil 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 conveyancing.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Erith
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Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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. Please supply a car parking plan.
What is the reason for my property lawyer requiring numerous items of ID ahead of starting my conveyancing in Erith?
Erith property lawyers are duty bound by the Law Society, SRA, the Land Registry and current AML legislation to record that the have checked the identity of their clients. It is also sometimes a condition of your mortgage offer. In addition they have to complete various forms, particularly those relating to SDLT and need to have information such as your full names, NI number and DOB.