What does my ID and proof of funds have anything to do with my conveyancing in Stonehouse? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Stonehouse 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 your correct address.
In accordance with Money Laundering Regulations, property lawyers are required to investigate not only the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal 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 conveyancers are duty bound to inform the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would prefer to instruct a Stonehouse based conveyancing firm?
Do check but the the likelihood is that allocate you one of their panel conveyancers if you want the "fee-free" offer. Contact the mortgage company to explore if they allow a monetary alternative. Some banks have previously offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Stonehouse.
Should our solicitor be raising questions about flooding during the conveyancing in Stonehouse.
The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Stonehouse. There are those who purchase a property in Stonehouse, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to give advice on flood risk, but there are a numerous checks that may be carried out by the purchaser or by their conveyancers which will give them a better understanding of the risks in Stonehouse. The standard information sent to a buyer’s lawyer (where the Conveyancing Protocol is adopted) contains a usual question of the seller to find out if the property has ever been flooded. In the event that the residence has been flooded in past and is not notified by the owner, then a buyer could bring a claim for damages stemming from an misleading response. The buyer’s lawyers will also carry out an environmental report. This will reveal whether there is any known flood risk. If so, additional investigations should be made.
I have a terraced Edwardian house in Stonehouse. Conveyancing lawyer represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stonehouse and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing solicitor who conducted the purchase.
I am looking for a conveyancing solicitor in Stonehouse for my remortgage. Can I see a firm’s record with the profession’s regulator?
You may see presented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA may monitor call for training purposes.
Having checked my lease I have discovered that there are only 72 years remaining on my lease in Stonehouse. I now wish to extend my lease but my freeholder is missing. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to demonstrate that you have done all that could be expected to track down the landlord. For most situations an enquiry agent would be helpful to try and locate and prepare a report to be accepted by the court as proof that the landlord is indeed missing. It is advisable to get professional help from a conveyancer both on proving the landlord’s disappearance and the vesting order request to the County Court covering Stonehouse.
Stonehouse Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to Purchasing
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Be sure to discover if there are any onerous restrictions in the lease. For example it is very common in Stonehouse leases that pets are not permitted in certain buildings in Stonehouse. If you love the flatin Stonehouse but your dog can’t live with you then you will be faced difficult decision. What restrictions exist in the Stonehouse Lease? The best form of lease arrangement is a share of the freehold. In this arrangement the leaseholders enjoy control and even though a managing agent is often employed if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves.