What does my ID and proof of funds have anything to do with my conveyancing in Aston Clinton? What am I being asked for?
In order to comply with Money Laundering Regulations any Aston Clinton conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account showing where you reside.
Under Money Laundering Regulations, conveyancers are obliged by law to ascertain not just 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 conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
We are purchasing a flat in Aston Clinton. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to send funds into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to lenders such as Yorkshire BS, do Aston Clinton property lawyers have to pay a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Completion of my remortgage has taken place for my property in Aston Clinton. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Are there restrictive covenants that are commonly identified as part of conveyancing in Aston Clinton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Aston Clinton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Aston Clinton differ for newly converted properties?
Most buyers of new build residence in Aston Clinton approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because house builders in Aston Clinton tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Aston Clinton or who has acted in the same development.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Aston Clinton and how can you help?
The particular law that you refer to affords security of tenure to business leaseholders, giving them the right to apply to court for a new lease and continue in occupation when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Aston Clinton is one of our many locations in which our lawyers are based
I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have just found out that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Aston Clinton. Conveyancing advisers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Aston Clinton ?
The majority of houses in Aston Clinton are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Aston Clinton in which case you should be shopping around for a Aston Clinton conveyancing practitioner and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your conveyancer should advise you fully on all the issues.
Aston Clinton Conveyancing for Leasehold Flats - Sample of Questions you should ask before Purchasing
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How much is the maintenance charge and ground rent on the property? The answer will be important as a) areas can cause problems for the building as the communal areas may start to deteriorate where services remain unpaid b) if the leaseholders have a dispute with the managing agents you will wish to know about it You will want to discover as much as possible about the company managing the building as they will either make your life much easier or problematic. As the owner of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to day to day matters such as the cleanliness of the common parts. You should not be shy to ask other people what they think of them. In conclusion, investigate as to the dates that the service charges are due to the appropriate party and precisely what you get for your money.