In what way does my ID and proof of funds have anything to do with my conveyancing in Ogmore By Sea? Why is this being asked of me?
Ogmore By Sea conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement no older than three months).
Confirmation of source of funds is also necessary under the money laundering laws as lawyers have a duty to investigate that the funds you are utilising to buy a property (whether it be the deposit for exchange or the total purchase monies if you are buying mortgage free) has originated from a reputable source (such as an inheritance) as opposed to the product of illegitimate behaviour.
My brother-in-law has suggested I instruct a conveyancing solicitor in Ogmore By Sea. I need to find out if they are accepted on the Bank of Ireland conveyancing panel. Can you help?
You should e-mail your conveyancer and enquire whether they are on the lender panel. Otherwise you should get in touch with Bank of Ireland who may be able to help.
My colleague suggested that where I am buying in Ogmore By Sea I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Ogmore By Sea conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Ogmore By Sea around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Ogmore By Sea Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Ogmore By Sea Education with plans and statistics, Local Amenities and other useful information concerning Ogmore By Sea.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Ogmore By Sea?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ogmore By Sea. 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…’
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Ogmore By Sea I like with amenity areas and transport links in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Ogmore By Sea for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
As co-executor for the will of my aunt I am selling a residence in Cardiff but I am based in Ogmore By Sea. My conveyancer (who is 250 kilometers awayhas requested that I sign a statutory declaration before completion. Can you recommend a conveyancing solicitor in Ogmore By Sea who can attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are located in Ogmore By Sea