What does my ID and proof of funds have anything to do with my conveyancing in Swanland? What am I being asked for?
To satisfy the Money Laundering Regulations any Swanland conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancers are duty bound to check not only the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this will result in your lawyer terminating their relationship 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 relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I have been recommended a conveyancing solicitor in Swanland. I I am struggling to find out if they are accepted on the TSB approved list of lawyers. Can you or the lender confirm if they are on the panel?
The first thing to do is e-mail your solicitor and enquire if they are on the lender panel. Alternatively you can get in touch with TSB who may be able to assist.
The estate agent has sent us the confirmation of our purchase of a new build flat in Swanland. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Swanland
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Due to the guidance of my in-laws I had a survey completed on a property in Swanland in advance of appointing lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies tend refuse to grant a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Swanland. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Swanland to see if the conveyancing costs will increase in light of this.
We're novice buyers - had an offer accepted, yet the selling agent told us that the seller will only go ahead if we use their chosen conveyancers as they want an ‘expedited deal’. We would rather use a family solicitor who is familiar with conveyancing in Swanland
We suspect that the seller is not behind this demand. If they want ‘a quick sale', turning down a genuine purchaser is counter productive. Speak to the owners direct and explain that (a)you are motivated purchasers (b)you are ready to progress, with finances arranged © you are unencumbered (d) you wish to move quickly (e)but you will continue to use your preferred Swanland conveyancing lawyers - not the ones that will provide their estate agent a introducer fee or meet his conveyancing thresholds set by HQ.
What are your top tips when it comes to appointing a Swanland conveyancing practice to deal with our lease extension?
When appointing a solicitor for your lease extension (regardless if they are a Swanland conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Swanland conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:
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How experienced is the firm with lease extension legislation? Can they put you in touch with clients in Swanland who can give a testimonial?
Leasehold Conveyancing in Swanland - A selection of Queries Prior to Purchasing
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This question is useful as a) areas may cause problems in the building as the communal areas may start to deteriorate if repairs are not paid for b) if the tenants have an issue with the running of the building you will want to have all the details The prefered form of lease arrangement is a share of the freehold. In this arrangement the lessees have control and notwithstanding that a managing agent is frequently employed where it is larger than a house conversion, the managing agent is directed by the tenants. Is the freehold reversion owned jointly by the tenants?