In what way does my ID and proof of funds have anything to do with my conveyancing in Potton? Is this really necessary?
To satisfy the Money Laundering Regulations any Potton 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 bill showing where you live.
Under Money Laundering Regulations, conveyancers are obliged by law to ascertain not simply the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer ending their retainer 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 appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I am the only recipient of my late father’s will with all property in now in my sole name, including the my former home in Potton. Conveyancing formalities meant that the Land Registry date was in February. I now wish to sell up. I do know about the CML six month 'rule', meaning my proprietorship may be considered the same way as though I had purchased the house in February. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How practical a view banks take of it, depend on the bank as this provision primarily exists to pick up on subsales or the wholesaling and assigning of properties.
Are all Potton Conveyancing Quality Solicitors on the Skipton conveyancing list of approved solicitors?
A selection of lenders now utilise CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their panels.
I am due to exchange contracts on my apartment. I had a double glazing fitted in September 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, RBS are being problematic. The Potton solicitor who is on the RBS conveyancing panel is saying indemnity insurance will be fine but RBS are insisting on a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
The deeds to my house are lost. The solicitors who handled the conveyancing in Potton 10 years ago have long since closed. What are my options?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware precisely where to look for all the appropriate documentation so you can buy or dispose of your house without a hitch. If copies can’t be located, your conveyancer may be able to put in place insurance or indemnities against future claims on the premises.
My company is intending to take over a lease of an office on the high street. Can you recommend conveyancers offering no-sale-no fees for commercial conveyancing in Potton for below 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Potton, including the disposal and acquisition of businesses as well as simply premises. If you are hoping to buy or sell a shop, pub, restaurant, office, retail premises or a whole business we can find you the right firm. Regarding the charges these will vary based on the structure and complexity of the deal. Please provide us with your contact information or call so as to enable us to supply you with a fixed commercial conveyancing quote.
In my capacity as executor for the will of my aunt I am selling a property in Monmouth but live in Potton. My lawyer (approximately 260 miles from meneeds me to execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing lawyer in Potton to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are located in Potton
What advice can you give us when it comes to choosing a Potton conveyancing practice to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Potton conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Potton conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:
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Can they put you in touch with clients in Potton who can give a testimonial?
Leasehold Conveyancing in Potton - A selection of Queries before Purchasing
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Please note that where the lease has no more than 80 years it will have adverse implications on the value of the apartment. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. For most Pottonlease extensions you would need to own the residence for 24 months in order to be entitled to extend the lease. Best to be warned whether window replacement or some other significant cost is coming up to be shared by the leasehold owners and will dramatically impact the level of the maintenance fees or necessitate a one time invoice.