I have just been advised by my mortgage broker that my Mawsley property lawyer is not on the bank Conveyancing panel. What can I do to check?
Your first step should be to call your Mawsley conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may be able to suggest a Mawsley conveyancing firm that is on the conveyancing panel for your bank.
Is it possible for conveyancing in Mawsley to be done in a month?
First, If the seller is applying a tight deadline for your conveyancing it is highly recommended that your solicitor is familiar with the area as they will make use of local connections and know-how. It is even conceivable that they could have transacted otherhomes in the same road. You would be best advised to use a Mawsley conveyancing lawyer. Second, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Mawsley conveyancing deals are delayed or derailed after discovering a purchaser’s conveyancer was not on their banks list of approved solicitors. This can often result in the legal transfer of property being frustrated by almost 21 days. It is understood that this issue impacts approximately one hundred thousand home sales every year. Almost all Mawsley conveyancing practices can not represent certain lenders so do check as early as possible.
In what way does my ID and proof of funds have anything to do with my conveyancing in Mawsley? Is this really warranted?
To satisfy the Money Laundering Regulations any Mawsley conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
Under Money Laundering Regulations, property lawyers are obliged by law to investigate not only the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this will lead to your lawyer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to inform the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
Have purchased a a semi-detached house in Mawsley , how long should it take for the Land Registry to record the transfer to my name? My Mawsley conveyancing solicitor has been very slow, so I want to be sure the post completion formalities are addressed.
As far as conveyancing in Mawsley is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timeframes can differ according to who lodges the application, whether there are errors and whether the Land registry must send notices to any interested persons or bodies. Currently in the region of three quarters of such applications are fully dealt with within 12 days but some can be subject to extensive delays. Registration occurs after the buyer is living at the premises thus post completion formalities is not usually top priority but where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Mawsley is where the house is located. Can you offer any advice?
Flying freeholds in Mawsley are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Mawsley you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mawsley 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.
In what way does the Landlord & Tenant Act 1954 impact my business property in Mawsley and how can your lawyers assist?
The particular law that you refer to provides a safeguard to commercial tenants, giving them the right to apply to court for a renewal tenancy and remain in occupation when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Mawsley is one of our hundreds of areas of the UK in which the firms we work with are located