In what way does my ID and proof of funds have anything to do with my conveyancing in Morganstown? What am I being asked for?
Morganstown conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no more than three months).
Proof of the origin of funds is also required under the money laundering statutes as conveyancers have a duty to check that the money you are using to acquire a property (be it the exchange deposit or the total purchase price if you are a cash purchaser) has come from a reputable source (such as an inheritance) rather than the fruits of criminal activity.
About to place an offer on a leasehold flat in Morganstown. The property agents say that it is the norm for flats in Morganstown to have less than 75 years left on the lease. I am taking out a mortgage with Virgin. Is this going to be a problem if the lease has 72 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 16/12/2024 the requirements read as follows :
I am close to exchanging contracts on the sale of our property in Morganstown and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A local lawyer would know this is not the case. For the life of me I don't know why the buyers instructed a factory type conveyancing practice rather than a conveyancing solicitor in Morganstown. We have lived in Morganstown for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing firm already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
Just had an offer accepted on a new build flat in Morganstown. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Morganstown
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. Please confirm the Lease plans are architect prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants.
We're first time buyers - agreed a price, yet the property agent advised that the seller will only proceed if we use the agent's recommended solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a family solicitor used to conveyancing in Morganstown
It is highly unlikely the owners are driving this. Should the owner desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is counter productive. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you are going to appoint your own,trusted Morganstown conveyancing firm - not the ones that will give their estate agent a introducer fee or meet his conveyancing targets set by corporate headquarters.
What tools are available to search for a Morganstown conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 25miles to meet the solicitor.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Morganstown and you will see a number of lawyer located nearest Morganstown. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.