We selected a local solicitor for my conveyancing in Old Swan yesterday. Upon checking the small print I notewe are responsible for charges even if our purchase aborts. Would I be best advised to use an internet solicitor practice who offer no-sale-no-fee conveyancing in Old Swan?
It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the conveyancing charges will tend to be be higher to cover those conveyances that do not proceed. Do bear in mind that such offerings tend not to cover disbursements e.g. Old Swan conveyancing search fees.
In what way does my ID and proof of funds have anything to do with my conveyancing in Old Swan? What am I being asked for?
In order to comply with Money Laundering Regulations any Old Swan conveyancing firm will require proof of identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility account showing where you reside.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to investigate not just the identity of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this may lead to your lawyer ending their relationship 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.
My lawyer in Old Swan is not on the Birmingham Midshires Solicitor Panel. Can I still use my prefered solicitor even though they are excluded from the Birmingham Midshires panel?
Your options are as follows:
- Carry on with your existing Old Swan lawyers but Birmingham Midshires will need to instruct a solicitor on their list of acceptable firms. This will inevitably rack up the total legal charges as well as result in delays.
- Get a new practitioner to to deal with the conveyancing, obviously checking they are Birmingham Midshires approved.
- Persuade your Birmingham Midshires solicitor to seek to join the Birmingham Midshires panel
Me and my brother have a renovated Edwardian house in Old Swan. Conveyancing lawyer represented me and Barclays . I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Old Swan 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 lenders. You can also question the situation with your conveyancing solicitor who conducted the work.
About to purchase a new build flat in Old Swan. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Old Swan
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am a sole trader looking to lease a unit on the high street. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Old Swan for less than £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Old Swan, including the sale and purchase of businesses as well as simply property. If you are intending to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right firm. As for the costs these will vary based on the structure and nuances of the proposed transaction. Let us have your details or email so as to enable us to provide you with a fixed commercial conveyancing quote.