In what way does my ID and proof of funds have anything to do with my conveyancing in Egremont? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Egremont conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.
Under Money Laundering Regulations, conveyancers are required to validate not simply the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer ending 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 make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I have been told that property searches are a common reason for obstruction in Egremont house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Egremont.
I'm purchasing a new build house in Egremont with a mortgage from Barclays . The developers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not inform my lawyer about this extras as it could impact my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How does the Landlord & Tenant Act 1954 affect my commercial property in Egremont and how can you help?
The particular law that you refer to gives a safeguard to business leaseholders, giving them the right to make a request to court for a renewal lease and continue in occupation when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Egremont
Helen (my wife) and I may need to sub-let our Egremont 1st floor flat for a while due to a new job. We used a Egremont conveyancing practice in 2003 but they have closed and we did not have the foresight to seek any advice as to whether the lease allows us to sublet. How do we find out?
Even though your last Egremont conveyancing solicitor is not around you can check your lease to check if you are permitted to let out the apartment. The rule is that if the lease is silent, subletting is permitted. There may be a precondition that you are obliged to obtain consent from your landlord or other appropriate person prior to subletting. The net result is you not allowed to sublet in the absence of first obtaining permission. The consent must not not be unreasonably withheld. If the lease prohibits you from subletting the property you will need to ask your landlord for their consent.
I inherited a 1st floor flat in Egremont, conveyancing was carried out September 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Egremont with a long lease are worth £165,000. The average or mid-range amount of ground rent is £50 per annum. The lease ceases on 21st October 2102
With only 77 years left to run the likely cost is going to range between £7,600 and £8,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
It's been quite a while since I've bought a house. Searching on the web suggests that the costs vary significantly. Is it possible for you to recommend a good Egremont lawyer that would act for me as well as represent Clydesdale?
The purpose of this site is limited to being a directory service for solicitors who want to be listed as being on the approved conveyancing panel for Clydesdale in certain locations such as Egremont . We dont recommend any specific conveyancing practitioner.