In what way does my ID and proof of funds have anything to do with my conveyancing in Rhosneigr? What am I being asked for?
To satisfy the Money Laundering Regulations any Rhosneigr conveyancing firm will require proof of identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility account showing where you reside.
Under Money Laundering Regulations, property lawyers are required to ascertain not simply the identity of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer terminating 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 notify the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
My wife and I are close to exchanging contracts on the sale of our home in Rhosneigr and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. Any high street Rhosneigr lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used an online conveyancing practice as opposed to a conveyancing solicitor in Rhosneigr. Having lived in Rhosneigr for 5 years we know of no issue. Should we get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You need to check with 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)
I have todayfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Rhosneigr for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The quickest method to check if the property is registered to you, you can make 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 Rhosneigr conveyancing specialists.
I'm purchasing a new build house in Rhosneigr with the aid of help to buy. The builders would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not to tell my lawyer about the extras as it could impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I opted to have a survey completed on a property in Rhosneigr prior to instructing lawyers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some lenders tend refuse to issue a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Rhosneigr. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rhosneigr to see if the conveyancing will be more expensive.
I need to instruct a conveyancing solicitor for sale conveyancing in Rhosneigr. I've chance upon a web site which seems to have the ideal offering If there is a chance to get all this stuff completed via web that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?