What does my ID and proof of funds have anything to do with my conveyancing in Leigh On Sea? Why is this being asked of me?
Leigh On Sea conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Evidence of source of monies is also necessary under the money laundering regulations as lawyers are mandated to check that the monies you are utilising to acquire a property (whether it be the deposit for exchange or the full purchase monies if you are a cash purchaser) has come from legitimate source (such as employment savings) as opposed to the product of criminal activity.
Is there a search tool that I can use to discover of the solicitor carrying out my conveyancing in Leigh On Sea is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for The Mortgage Works thus spending £192.00 in supplemental legal fees.
Please do make use of the search tool on this web page. Pick the mortgage company and type ‘Leigh On Sea’ or your preferred area and you will be presented with a number of lawyer located in Leigh On Sea or by proximity to you.
Are there restrictive covenants that are commonly identified during conveyancing in Leigh On Sea?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Leigh On Sea. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What tools are available to identify a Leigh On Sea law firm on the TSB conveyancing panel? I am a keen cyclist and am happy to travel upto 25kilometers to meet the conveyancer.
You can use the search on this page. Please choose the bank and your location and you will see a number of Leigh On Sea conveyancing lawyers locally. We have listed some Leigh On Sea conveyancing firms towards the end of this page and you can telephone them to check whether they are on the TSB member panel
There are only 72 years unexpired on my flat in Leigh On Sea. I now wish to get lease extension but my landlord is absent. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to track down the lessor. In some cases a specialist would be helpful to conduct investigations and to produce a report to be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Leigh On Sea.
Leasehold Conveyancing in Leigh On Sea - Sample of Queries before Purchasing
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How is the lease structured? Please note if it is less than eighty years it will impact the salability of the flat. Check with your lender that they are content with residual term of the lease. Leases with fewer than 80 years remaining means that you will probably have to extend the lease at some point and you need to have some idea of what this will be. Remember, in most cases you will be required to have been the owner of the property for two years before you are legally able to extend the lease.
My mortgage broker has recommended their conveyancing practitioner for the conveyancing in Leigh On Sea - Is it not simpler easier to just use them?
It is not always the case and you are at liberty to instruct whichever conveyancing practitioner you prefer for your Leigh On Sea home move. A property lawyer suggested by a 3rd party adviser may not necessarily be the right solicitor, they may suggest their own conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancer and due to the lack of continuity in the transaction, it may be difficult to obtain updates.