What does my ID and proof of funds have anything to do with my conveyancing in Margate? Is this really necessary?
Margate conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Proof of the origin of monies is also necessary under the money laundering regulations as solicitors are required to ensure that the money you are using to acquire a property (whether it be the deposit for exchange or the total purchase price if you are buying mortgage free) has come from an acceptable source (such as an inheritance) as opposed to the fruits of criminal activity.
I note that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when purchasing a residence in Margate? or I am told that there is an ancient law that means some homeowners residing in a parish church boundary will be compelled to contribute towards maintenance towards the chancel within the church. Is this a legitimate concern for conveyancing in Margate?
Unless a previous acquisition of the property took place post 12 October 2013 you could assume that conveyancing practitioners delivering conveyancing in Margate to continue to suggest a chancel search and or insurance against a claim.
I have justfound out that Stirling Law have been shut down. They conducted my conveyancing in Margate for a purchase of a leasehold apartment 10 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Margate conveyancing specialists.
Due to the guidance of my in-laws I had a survey completed on a house in Margate ahead of retaining conveyancers. I have been told that there is a flying freehold element to the house. My surveyor advised that some banks may not issue a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Margate. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Margate to see if the conveyancing will be more expensive.
How does the Landlord & Tenant Act 1954 affect my business property in Margate and how can your lawyers assist?
The 1954 Act gives a safeguard to commercial lessees, granting the a statutory right to make a request to court for a new tenancy and remain in occupation at the end of the lease term. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Margate is one of our hundreds of locations in which our lawyers are located
Are there any specific advantages to instructing a high street conveyancing practitioner in Margate
Home movers in Margate select a nearby high street solicitor so that they can pop into the firm’s offices in the event that they have concerns, and to sign mortgage deeds rather than depending on the Royal Mail.
There is a distinct edge in using a lawyer local to a house you are buying, due to the knowledge of the locality and possible local concerns - yet this is debatable. Many conveyancers are now online and could be anywhere in the world.