What does my ID and proof of funds have anything to do with my conveyancing in Wanstead? What am I being asked for?
In order to comply with Money Laundering Regulations any Wanstead conveyancing firm will require evidence of your identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to investigate not only the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this will lead to your solicitor cancelling their retainer 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 inform the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
My partner and I are close to exchanging contracts on the sale of our home in Wanstead and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A local lawyer would know this is not the case. For the life of me I don't know why the purchasers are using an online conveyancing firm rather than a conveyancing solicitor in Wanstead. Having lived in Wanstead for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
The deeds to my house can not be found. The conveyancers who did the conveyancing in Wanstead 5 years ago are no longer around. What are my next steps?
These day there are duplicates made of almost everything, and your lawyer should know exactly where to find all the relevant paperwork so you can purchase or sell your property without any difficulty. If duplicates can’t be located, your lawyer can put in place insurance or indemnities against future claims on your premises.
Due to the encouragement of my in-laws I had a survey completed on a property in Wanstead before retaining lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wanstead. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wanstead to see if the conveyancing will be more expensive.
I am using a search engine for the words conveyancing in Wanstead it reveals many conveyancersin the area. With so much choice what is the best way to find the right conveyancer for the sale of my house?
The best method of choosing a suitable conveyancer is via personal referral, so enquire of colleagues and family who have acquired a property in Wanstead or the reputable estate agent or mortgage broker. Charges for conveyancing in Wanstead vary, so it's a good idea to secure a minimum of three fee estimates from different law firms. Be sure to obtain confirmation what costs in the quote includes.
I only have 72 years unexpired on my flat in Wanstead. I now wish to get lease extension but my freeholder is can not be found. What should I do?
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 magistrate. You will be obliged to prove that you or your lawyers have used your best endeavours to locate the lessor. For most situations an enquiry agent may be helpful to conduct investigations and to produce a report which can be accepted by the court as evidence that the freeholder is indeed missing. It is wise to seek advice from a solicitor in relation to devolving into the landlord’s absence and the application to the County Court covering Wanstead.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Wanstead. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We are happy to put you in touch with a Wanstead conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Wanstead property is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case related to 2 flats. The unexpired lease term was 73.92 years.