In what way does my ID and proof of funds have anything to do with my conveyancing in Uppingham? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Uppingham conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility account evidencing your correct address.
Under Money Laundering Regulations, conveyancers are obliged by law to ascertain not simply the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may result in your conveyancer ending 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 believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I am buying a flat and need a conveyancing solicitor in Uppingham who is on the Coventry Building Society approved. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Coventry Building Society in certain locations such as Uppingham. We dont recommend any particular firm.
My wife and I purchased a renovated Edwardian property in Uppingham. Conveyancing lawyer acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to review 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Uppingham and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing practitioner who completed the work.
I opted to have a survey carried out on a house in Uppingham in advance of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies may not grant a mortgage on such a property.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Uppingham. Conveyancing will be smoother if you use a solicitor in Uppingham especially if they are acquainted with such properties in Uppingham.
Is it best to appoint a Uppingham conveyancing lawyer in close proximity to the house I am purchasing? We have a good friend who can handle the legal work however they are based 200kilometers away.
The primary upside of using a local Uppingham conveyancing practice is that you can attend the office to execute paperwork, present your ID and pester them if necessary. Having local Uppingham know how is a benefit. That being said it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and the majority were happy that should trump using an unfamiliar Uppingham conveyancing lawyer just because they are local.
Having checked my lease I have discovered that there are only Sixty One years remaining on my lease in Uppingham. I need to get lease extension but my freeholder is can not be found. What should I do?
On the basis that you qualify, 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 enable the lease to be granted an extra 90 years by the Court. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to locate the landlord. In some cases an enquiry agent may be helpful to carry out a search and to produce an expert document to be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a conveyancer in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Uppingham.
Uppingham Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
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The answer will be helpful as a) areas may result in problems in the building as the communal areas may start to deteriorate if repairs remain unpaid b) if the leaseholders have a dispute with the managing agents you will wish to know about it Its a good idea to discover as much as possible regarding the company managing the building as they can either make living at the property much easier or problematic. Being a leasehold owner you are frequently in the clutches of the managing agents both financially and when it comes to daily matters like the upkeep of the communal areas. Don't be shy to ask other tenants what they think of them. Finally, find out the dates that you are obliged pay the service charge to the appropriate party and specifically what you get for your money.