In what way does my ID and proof of funds have anything to do with my conveyancing in Shadwell? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Shadwell conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing where you reside.
In accordance with Money Laundering Regulations, property lawyers are obliged by law to validate not only the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this may result in your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I am looking to buy a property and require a conveyancing solicitor in Shadwell who is on the The Mortgage Works conveyancing. Can you recommend a local 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 Mortgage Works in certain locations such as Shadwell. We dont recommend any particular firm.
Will commercial conveyancing searches disclose impending roadworks that may impact a commercial land in Shadwell?
Its becoming the norm that commercial conveyancing solicitors in Shadwell will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Shadwell. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Shadwell.
For each commercial conveyancing transaction in Shadwell it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Shadwell commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Shadwell.
The deeds to our house can not be found. The conveyancers who conducted the conveyancing in Shadwell 10 years ago have long since closed. What are my options?
Gone are the days when you need to hold title original deeds to evidence that you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
What are your top tips when it comes to choosing a Shadwell conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Shadwell conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Shadwell conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
Can they put you in touch with clients in Shadwell who can give a testimonial?
I am the proprietor of a ground floor flat in Shadwell. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?
Where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to decide the sum to be paid.
An example of a Freehold Enfranchisement decision for a Shadwell residence is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case was in relation to 3 flats. The remaining number of years on the lease was 101.61 years.
I'm buying a flat in Shadwell. I can find my conveyancer's company on the Law Society's list, but I can't find my conveyancer's name as listed on the regulator's website. Is this a big problem?
Not every individual in the practice must be listed by the regulator. As long there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be conducted by unlicensed staff.