In what way does my ID and proof of funds have anything to do with my conveyancing in Martock? Why is this being asked of me?
Martock conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to verify the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Confirmation of the origin of funds is also required under the money laundering regulations as conveyancers are required to check that the funds you are utilising to purchase a property (whether it be the deposit for exchange or the full purchase amount where you are buying mortgage free) has come from legitimate source (such as employment savings) as opposed to the proceeds of criminal activity.
My partner and I have organised the release of further monies on our mortgage from HSBC as we intend to conduct improvements to our home in Martock. Do we need to appoint a bricks and mortar Martock solicitor on the HSBC conveyancing panel to handle the paperwork?
HSBC do not ordinarily instruct firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC panel.
We expect to receive a OIP from Santander this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Martock solicitors on the Santander conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Martock solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
After much negotiation I have agreed a price on a house in Martock. My mortgage broker recommended their conveyancers. I paid an on account payment of £200. A few days later, the property lawyer called me sheepishly admitting that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I used Action Conveyancing several years ago for my conveyancing in Martock. Now, I need the files but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Martock of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Martock is the location of the property. What do you suggest?
Flying freeholds in Martock are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Martock you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Martock may determine 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.
What are your top tips when it comes to appointing a Martock conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a Martock conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Martock conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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How many lease extensions has the firm completed in Martock in the last twenty four months? Can they put you in touch with clients in Martock who can give a testimonial?
Martock Leasehold Conveyancing - Sample of Queries before Purchasing
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The best form of lease arrangement is if the freehold reversion is in the ownership of the leaseholders. In this arrangement the lessees have being in charge if their destiny and although a managing agent is frequently retained if it is bigger than a house conversion, the managing agent is directed by the tenants. On the whole the cost for major works tend not to be included within maintenance charges, albeit that there some managing agents in Martock obliged tenants to contribute towards a reserve fund and this is used to offset against major repairs or maintenance. Most Martock leasehold flats will have a service bill for maintenance of the block invoiced on behalf of the freeholder. Should you buy the property you will have to meet this charge, normally in instalments throughout the year. This could be anything from a couple of hundred pounds to thousands of pounds for large purpose-built blocks. In all likelihood there will be a ground rent to be met yearly, ordinarily this is not a significant figure, say about £25-£75 but you need to check as on occasion it can be many hundreds of pounds.
I need to change lawyers as my Martock lawyer is not on the lender's approved list of conveyancing solicitors. Is it practical to instruct different lawyers?
If you haven't yet instructed a conveyancer to start work and at this stage simply received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Martock that you're considering.