In what way does my ID and proof of funds have anything to do with my conveyancing in Woodford Green? What am I being asked for?
Woodford Green conveyancing solicitors and indeed property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Evidence of the origin of funds is also necessary in accordance with the money laundering laws as lawyers are duty bound to ensure that the funds you are utilising to acquire a property (be it the exchange deposit or the full purchase price where you are buying without a mortgage) has come from legitimate source (such as an inheritance) rather than the fruits of criminal activity.
My property lawyer in Woodford Green has never been on on the Halifax Solicitor Panel. Can I still continue with my family solicitor notwithstanding that they are not on the Halifax panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your preferred Woodford Green lawyers but Halifax will need to use a lawyer on their panel. This will result in additional overall legal fees as well as result in frustration.
- Find a new practitioner to act in the conveyancing, not forgetting to check they are on the Halifax panel
We are downsizing from our property in Woodford Green and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. Any high street Woodford Green conveyancer would know this is not the case. It does beg the question why the buyers are using a web based conveyancing practice as opposed to a conveyancing solicitor in Woodford Green. We have lived in Woodford Green for 5 years we know of no issue. Should we get in touch with our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. 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 illness)
I purchased a semi-detached Edwardian house in Woodford Green. Conveyancing practitioner represented me and Lloyds TSB Bank. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to read 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 Woodford Green and other areas of 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 purchasers. You can also check the position with the conveyancing solicitor who completed the work.
I'm refinancing my current property to a BTL mortgage with Virgin Money and I will use the ballance of the raised equity as a deposit on another property. The neighborhood we are looking at is Woodford Green. Will your solicitors be able to act for both sets of banks and link together the two deals?
Do use our comparison tool on this page to check that the conveyancers are approved by both lenders. On the basis that they are the lawyer will be able to connect the two deals but you should talk with you conveyancer and specify your desired outcome and requirements.
I've found a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have just found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Woodford Green. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Woodford Green ?
The majority of houses in Woodford Green are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Woodford Green so you should seriously consider shopping around for a Woodford Green conveyancing practitioner and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’spermission to carry out alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your solicitor will appraise you on the various issues.
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Woodford Green. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a missing landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to arrive at the price payable.
An example of a Freehold Enfranchisement case for a Woodford Green premises is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case affected 2 flats. The number of years remaining on the existing lease(s) was 69.26 years.