What does my ID and proof of funds have anything to do with my conveyancing in Lees? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in Lees. However these days you will not be able to proceed with any conveyancing transaction if you have not supplying evidence of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Please note that if you are supplying your driving licence as evidence of identification it must be both the paper part as well as the photo card part, one is not sufficient in the absence of the other.
Verification of your origin of funds is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer will need to have this information on record. Your Lees conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask further questions regarding the origin of funds.
Me and my partner are buying a house in Lees. It might be a silly question but how we can trust a lawyer? On the day of competition we have to deposit our life savings into their account. What protection do we have from them run away with our money?
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.
If you had a top tip for choosing a conveyancing solicitor in Lees what would it be?
Do not opt for the cheapest Lees conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I have a mortgage with Clydesdale for my property in Lees. Conveyancing has been completed 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Clydesdale?
Clydesdale must be informed of your intention before renting your property as this is likely to be a breach of Clydesdale’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. You need not do this via a Clydesdale conveyancing panel lawyer.
I own a semi-detached Georgian house in Lees. Conveyancing lawyer acted for me and HSBC Bank. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the exact same property. Is it worth asking HSBC Bank to clarify?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lees and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing practitioner who conducted the conveyancing.
I'm converting the mortgage on my primary property to a buy to let mortgage with Alliance & Leicester and I will use the rest of the raised equity as a deposit on another house. The area we are talking about is Lees. Will your conveyancers be able to act for both sets of lenders and link together the transactions?
Do use our comparison tool on this page to ensure that the lawyers are approved by both mortgage companies. Assuming that they are the solicitor will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and specify your expectations and requirements.
I am using a search engine for the phrase conveyancing in Lees it brings up many conveyancersin the vicinity. How do I determine which is the right conveyancing solicitor for purchase transaction?
The ideal method of choosing the right conveyancer is via personal recommendation, so seek the opinion of colleagues and relatives who have bought a property in Lees or a respected estate agent or financial adviser. Fees for conveyancing in Lees vary, so it's sensible to secure a minimum of three fee estimates from different law firms. Make sure that you know what costs in the quote includes.
Frank (my husband) and I may need to rent out our Lees basement flat for a while due to a career opportunity. We instructed a Lees conveyancing firm in 2004 but they have closed and we did not have the foresight to seek any guidance as to whether the lease allows us to sublet. How do we find out?
The lease dictates relations between the landlord and you the flat owner; in particular, it will set out if subletting is not allowed, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Lees do not prevent an absolute prevention of subletting – such a provision would adversely affect the market value the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
Lees Leasehold Conveyancing - A selection of Queries Prior to buying
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It would be sensible to find out if there is anything that is prohibited in the lease. For example it is very common in Lees leases that pets are not allowed in certain buildings in Lees. If you love the apartmentin Lees but your cat can’t make the move with you then you will be faced hard choice. Are any of leasehold owners in dispute over their service charge liability? Who is in charge of the building?