In what way does my ID and proof of funds have anything to do with my conveyancing in St Leonard Shoreditch? Why is this being asked of me?
To satisfy the Money Laundering Regulations any St Leonard Shoreditch conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with 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 duty bound to investigate not simply the ID 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 solicitor terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I am planning to acquire a flat and need a conveyancing solicitor in St Leonard Shoreditch who is on the National Westminster Bank solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for National Westminster Bank in certain locations such as St Leonard Shoreditch. We dont recommend any particular firm.
The deeds to my home are lost. The conveyancers who did the conveyancing in St Leonard Shoreditch 4 years ago are no longer around. Will I be able to sell the house?
You no longer need to hold title deeds to evidence that you own the land or premises, given that the Land Registry have everything they need in a digital format.
What tools are available to identify a St Leonard Shoreditch solicitor on the Aldermore conveyancing panel? I drive a motor bike and am happy to travel upto 10kilometers to meet the solicitor.
Feel free to make use of the facility on this website. Please pick a bank and your location and you will see a number of St Leonard Shoreditch conveyancing lawyers based on proximity. We have detailed some St Leonard Shoreditch conveyancing firms towards the end of this page and you can call them to verify whether they are on the Aldermore approved list
I am attracted to a couple of maisonettes in St Leonard Shoreditch both have about 50 years left on the lease term. Do I need to be concerned?
A lease is a right to use the premises for a period of time. As the lease shortens the value of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you seek professional help from a conveyancer and surveyor with experience in this arena.
I have given up negotiating a lease extension in St Leonard Shoreditch. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We are happy to put you in touch with a St Leonard Shoreditch conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a St Leonard Shoreditch flat is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The remaining number of years on the lease was 72.39 years.
I have noted on various online forums that when choosing a conveyancing firm they must be approved by your mortgage company. I am new to the process but I have an AIP from Virgin Money and I already have a local conveyancing lawyer in St Leonard Shoreditch lined up. Can Nat West Bank insist on an approved lawyer to be selected? Does a directory of panel firms even exist so I can pick a conveyancing solicitor in St Leonard Shoreditch?
You should use a solicitor that is on the Nat West Bank panel. Just telephone your chosen St Leonard Shoreditch conveyancing solicitor and ask if they are on the Nat West Bank panel. If they are not on the panel you have a couple of alternatives available to you here:
- Carry on with your preferred St Leonard Shoreditch lawyer but Nat West Bank will no doubt retain a property lawyer on their approved panel. This will result in additional charges and probable frustration.
- Appoint a fresh lawyer to act in the purchase, obviously checking they are on the Nat West Bank conveyancing panel.
- Convince your conveyancer to do everything possible to join the Nat West Bank panel of solicitors.