In what way does my ID and proof of funds have anything to do with my conveyancing in Drakes Cross? Is this really warranted?
Drakes Cross conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under money laundering regulations 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 identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill no more than three months).
Proof of the origin of funds is also necessary in accordance with the money laundering laws as conveyancers are required to investigate that the monies you are using to purchase a property (be it the exchange deposit or the full purchase price if you are a cash purchaser) has originated from legitimate source (such as an inheritance) rather than the proceeds of illegitimate behaviour.
Do I need to visit the offices of the solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Drakes Cross so that I can pop in to their offices when needed.
As opposed to 12 years ago, almost all banks no longer require their conveyancing panel lawyer to witness the borrowers signature. You will still be obliged to provide identification documents and there are still distinct advantages to choosing a locally based practitioner, in your situation a conveyancing solicitor in Drakes Cross.
I used Arc property Solicitors a few years past for my conveyancing in Drakes Cross. Now, I need the documents but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Drakes Cross of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Drakes Cross differ for newly converted properties?
Most buyers of new build property in Drakes Cross contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Drakes Cross typically acquire the land, 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 property lawyers 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 used to new build conveyancing in Drakes Cross or who has acted in the same development.
I am looking to sell my house. My past lawyers has retired. I am in need of a recommendation of a conveyancing firm. Im based in Drakes Cross if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Drakes Cross. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
Do you have any top tips for leasehold conveyancing in Drakes Cross with the intention of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Drakes Cross can be avoided if you appoint lawyers as soon as you market your property and request that they start to collate the leasehold information needed by the buyers’ conveyancers. If there is a history of conflict with your freeholder or managing agents it is essential that these are settled prior to the flat being put on the market. The buyers and their solicitors will be warry about purchasing a flat where there is a current dispute. You may need to swallow your pride and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is better to present the dispute as over rather than unsettled. If you have carried out any alterations to the premises would they have required Landlord’s consent? Have you, for example installed wooden flooring? Most leases in Drakes Cross state that internal structural changes or installing wooden flooring require a licence issued by the Landlord approving such works. Where you fail to have the paperwork in place you should not communicate with the landlord without checking with your solicitor in the first instance. You may think that you are aware of the number of years left on your lease but it would be wise to verify this via your conveyancers. A buyer’s lawyer will not be happy to advise their client to where the lease term is below 80 years. In the circumstances it is essential at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale.
Drakes Cross Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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How many years remain on the lease? What restrictions exist in the Drakes Cross Lease? The prefered form of lease structure is where the freehold reversion is owned by the leaseholders. In this scenario the tenants have control and even though a managing agent is often employed where the building is bigger than a house conversion, the managing agent is directed by the tenants.