What does my ID and proof of funds have anything to do with my conveyancing in North Hykeham? Why is this being asked of me?
To satisfy the Money Laundering Regulations any North Hykeham 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 your correct address.
In accordance with Money Laundering Regulations, conveyancers are required to ascertain not just the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness 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 property lawyers are duty bound to inform the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
I am purchasing a flat and require a conveyancing solicitor in North Hykeham who is on the The Royal Bank of Scotland conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Royal Bank of Scotland in certain locations such as North Hykeham. We dont recommend any particular firm.
My wife and I are downsizing from our house in North Hykeham and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any local conveyancer would know this is not the case. It does beg the question why the buyers are using a nationwide conveyancing practice rather than a conveyancing solicitor in North Hykeham. We have lived in North Hykeham for six years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
4 months have elapsed following my purchase conveyancing in North Hykeham concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Is it possible to change firm as I need to select a firm on the Lloyds TSB Bank conveyancing panel. I was using a high street conveyancing solicitor in North Hykeham five minutes from me but she is not approved by Lloyds TSB Bank
It would be our pleasure to help you select a conveyancing solicitor in North Hykeham on the Lloyds TSB Bank panel. Please note that the property lawyers that we list do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in North Hykeham. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in North Hykeham.
Expecting to exchange soon on a garden flat in North Hykeham. Conveyancing lawyers assured me that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in North Hykeham should include some of the following:
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Are pets allowed in the flat? Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Information as to the provision in the lease to pay service charges - in respect of the block, and the wider rights a lessee enjoys Rent payments - what is due and what the invoice dates are, and also know whether this will change in the future Does the lease prevent you from subletting the property, or working from home
I bought a 1 bedroom flat in North Hykeham, conveyancing having been completed in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in North Hykeham with over 90 years remaining are worth £265,000. The ground rent is £50 charged once a year. The lease ceases on 21st October 2100
With just 75 years remaining on your lease we estimate the premium for your lease extension to be between £8,600 and £9,800 plus costs.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.