It has come to my attention via my broker that my Knebworth property lawyer is not on the bank Conveyancing panel. What can I do to check?
The best course of action for you to take is to contact your Knebworth lawyer directly. You lawyer should advise you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
In what way does my ID and proof of funds have anything to do with my conveyancing in Knebworth? Is this really warranted?
To satisfy the Money Laundering Regulations any Knebworth 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 evidencing your correct address.
Under Money Laundering Regulations, conveyancers are obliged by law to ascertain not only the identity 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 solicitor terminating their relationship 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 make a disclosure to the appropriate authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Knebworth is where the house is located. Can you offer any opinion?
Flying freeholds in Knebworth are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Knebworth you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Knebworth may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How easy is it to use your search app to select a conveyancing lawyer in Knebworth on the approved list for my lender?
1st pick a lender such as Yorkshire Building Society, The Royal Bank of Scotland or Barclays Direct then type in your preferred area such as Knebworth. Conveyancing firms in Knebworth and further afield will then be identified.
Estate agents have just been given the go-ahead to market my garden apartment in Knebworth. Conveyancing lawyers have not yet been instructed, however I have recently had a yearly service charge invoice – what should I do?
It best that you pay the invoice as normal as all rents and service invoices should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Knebworth - Sample of Questions you should ask before buying
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Best to be warned if changing the roof or some other major work is due shortly to be shared amongst the tenants and will materially impact the level of the service fees or require a one off payment. Is the freehold reversion owned collectively by the tenants? How many of the leaseholders are in arrears for their service charge payments?
I have been recommended a conveyancing solicitor in Knebworth. I need to find out if they are listed on the lender's approved list of lawyers. Could you assist?
You should call your conveyancer and ask them if they are on the bank's approved list. Alternatively please call us and we can investigate and revert. If they are not on the lender panel we we can help find a specialist conveyancing solicitor in Knebworth on the approved list for your lender.