The vendors of the property we are hoping to buy hired a conveyancing practitioner in Disley who has insisted on a lock out contract with a deposit 10k. Are such agreements sensible?
This form of preliminary agreement is unusual in Disley, conveyancers will often encourage clients away from them as they detract from focusing on the main conveyancing focus and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no certainty that just because the owner has executed an exclusivity agreement they will complete the sale with you. They may be in contravention of the agreement if they are offered a big enough offer to do so because a wronged claimant with the benefit of a exclusivitycontract will still have to establish consequential losses from the breach and these may not amount to the financial upside that the owner may obtain by reneging on the contract, no matter how morally condemnable it undoubtedly is.
What does my ID and proof of funds have anything to do with my conveyancing in Disley? Is this really warranted?
To satisfy the Money Laundering Regulations any Disley conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account showing your correct address.
Under Money Laundering Regulations, property lawyers are duty bound to ascertain not just the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this will lead to your solicitor ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
My wife and I own a renovated Georgian house in Disley. Conveyancing solicitor acted for me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the exact same property. Is it worth asking Leeds Building Society to clarify?
You should 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 Disley and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing practitioner who carried out the work.
I decided to have a survey done on a house in Disley prior to retaining solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders may not give a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Disley. Conveyancing will be smoother if you use a solicitor in Disley especially if they regularly deal with such properties in Disley.
Is it possible to transfer to a new firm as I have to instruct a firm on the Nottingham Building Society conveyancing panel. I hired a family conveyancing solicitor in Disley round the corner but he is not approved by Nottingham Building Society
We will our best to assist in finding you a conveyancing solicitor in Disley on the Nottingham Building Society panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Disley. In making use of search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Disley.
As co-executor for the estate of my grandfather I am disposing of a house in Swansea but live in Disley. My solicitor (based 200 miles awayhas requested that I execute a statutory declaration before completion. Can you recommend a conveyancing solicitor in Disley who can attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Disley based