What does my ID and proof of funds have anything to do with my conveyancing in Hanworth? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Hanworth conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account showing where you reside.
Under Money Laundering Regulations, property lawyers are obliged by law to check not only the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this will lead to your solicitor cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to notify the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
My wife and I are purchasing a house in Hanworth. I might seem paranoid but how we can trust a solicitor? At some point we have to put funds into their account. What is the protection 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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Hanworth
There are many registered licenced Conveyancers in Hanworth and Solicitor partnerships in Hanworth to choose from We would stress that both are regulated professionals specialising in the legal aspects of the home buying process. Both can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I am helping my mother sell her property in Hanworth. Will the conveyancing solicitor commission the energy assessment or it is for the seller to coordinate?
Following the abolition of Home Information Packs, EPC’s was retained a required component of selling a property. An EPC needs to be to hand in advance of the property being advertised. This is not as aspect of the sale process that solicitors ordinarily organise. If you are using a Hanworth conveyancing practitioner they might be willing to arrange EPC’s due to their relationships with reputable local assessors
How does conveyancing in Hanworth differ for newly converted properties?
Most buyers of new build or newly converted property in Hanworth come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because builders in Hanworth usually 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 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 Hanworth or who has acted in the same development.
I need to find a conveyancing solicitor for my conveyancing in Hanworth. I happened to chance upon a web site which seems to have the perfect answer If it is possible to get all this stuff completed via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Do you have any advice for leasehold conveyancing in Hanworth from the perspective of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Hanworth can be bypassed where you get in touch lawyers the minute your agents start advertising the property and ask them to put together the leasehold information needed by the purchasers’ representatives. You believe that you know the number of years left on your lease but you should double-check via your lawyers. A buyer’s conveyancer will be unlikely to recommend their client to to exchange contracts if the lease term is below 75 years. It is therefore important at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. Many landlords or managing agents in Hanworth levy fees for providing management packs for a leasehold home. You or your lawyers should discover the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Hanworth. If you have carried out any alterations to the property would they have required Landlord’s permission? Have you, for example installed wooden flooring? Hanworth leases often stipulate that internal structural changes or addition of wooden flooring require a licence issued by the Landlord approving such changes. Should you fail to have the consents in place do not contact the landlord without checking with your conveyancer in the first instance. If you hold a share in a the freehold, you should make sure that you have the original share certificate. Arranging a new share certificate can be a time consuming process and frustrates many a Hanworth conveyancing deal. Where a duplicate share is necessary, you should approach the company officers or managing agents (if applicable) for this at the earliest opportunity.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Hanworth conveyancing firm to represent me?
if 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 you can apply to the Leasehold Valuation Tribunal to decide the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Hanworth property is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case related to 1 flat. The unexpired term as at the valuation date was 82.93 years.
I'm buying a property in Hanworth. I have found my conveyancer's company on the CLC list, but I can't locate my conveyancer's name on the list. Should I be concerned?
Not every individual in the practice must be listed by the regulator. As long there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be undertaken by unlicensed staff.