In what way does my ID and proof of funds have anything to do with my conveyancing in Kingsbridge? What am I being asked for?
Kingsbridge conveyancing solicitors and indeed property practitioners accross the UK have an obligation under money laundering regulations to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).
Confirmation of the origin of monies is also necessary in compliance with the money laundering regulations as lawyers are duty bound to check that the money you are utilising to purchase a property (whether it be the deposit for exchange or the total purchase monies where you are a cash purchaser) has come from legitimate source (such as an inheritance) as opposed to the product of illegitimate behaviour.
We are intent on selling our property in Kingsbridge and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the purchasers used a factory type conveyancing outfit rather than a conveyancing solicitor in Kingsbridge. Having lived in Kingsbridge for 5 years we know of no issue. Do we contact our local Authority to obtain confirmation need.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I opted to have a survey completed on a house in Kingsbridge before appointing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders will not grant a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kingsbridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kingsbridge to see if the conveyancing costs will increase in light of this.
Is it possible to switch conveyancer as I need to select one who is on the Halifax conveyancing panel. I instructed a family conveyancing solicitor in Kingsbridge five minutes from me but he is not accepted by Halifax
We will our best to assist in finding you a conveyancing solicitor in Kingsbridge on the Halifax panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Kingsbridge. In utilising search facility on this website, you can scrutinise costs for conveyancing solicitors in Kingsbridge and beyond.
Am I best advised to use a Kingsbridge conveyancing practitioner based in the vicinity that I am buying? An old friend can execute the conveyancing however his firm is located 300miles away.
The primary upside of using a high street Kingsbridge conveyancing practice is that you can attend the office to execute paperwork, present your ID and pester them if necessary. Having local Kingsbridge know how is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and they were happy that should trump using an unknown Kingsbridge conveyancing lawyer just because they are round the corner.
We are in the middle of buying a residence in Kingsbridge. Conveyancing solicitor has called to say the property is "Leasehold". Does this impact the salability of the property?
Kingsbridge conveyancing does not normally involve leasehold houses. The key consideration here is the unexpired lease term and the ground rent. If it's 999 years with a peppercorn rent, it's virtually freehold, so it’s unlikely to affect the marketability too much.
At the other extreme, if it's, say, fifty five years it is bound to have a material effect on the saleability, and most likely wouldn't be acceptable to the bank. The length of lease and ground rent will be specified in the lease which should be made available to your property lawyer.