In what way does my ID and proof of funds have anything to do with my conveyancing in Poynton? Is this really warranted?
In order to comply with Money Laundering Regulations any Poynton conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancers are obliged by law to investigate not simply the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this may result in your lawyer ending 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 appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
Are the BSA intent on creating a searchable register to list solicitors on the Melton Mowbray Building Society conveyancing panel for example in Poynton?
We are not aware of any intention on the part of the BSA to promote such a tool.
We are purchasing a property and the conveyancer has identified Chancel Repair to which the house may be obligated to pay as it falls into the area of such a church. He has recommended insurance. Is this strictly necessary for conveyancing in Poynton
Unless a previous acquisition of the house completed after 12 October 2013 you can assume that conveyancing practitioners delivering conveyancing in Poynton to remain encouraging a chancel search and or chancel repair liability insurance.
I have been on the look out for a flat up to £195,000 and found one round the corner in Poynton I like with amenity areas and railway links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Poynton suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage that many years will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
I am looking for a conveyancing practitioner in Poynton for my house move. Can I review a firm’s record with the profession’s regulator?
You can read documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. To find records Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training reasons.
Back In 2008, I bought a leasehold house in Poynton. Conveyancing and Halifax mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Poynton who acted for me is not around. Any advice?
First make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Poynton conveyancing firm to do this as it can be done on-line for £3. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Poynton - A selection of Questions you should consider before buying
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The majority of Poynton leasehold properties will be liable to pay a service bill for maintenance of the block levied on behalf of the landlord. If you acquire the apartment you will have to meet this contribution, usually quarterly throughout the year. This can be anything from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent to be met yearly, normally this is not a exorbitant figure, say approximately £50-£100 but you need to check it because occasionally it can be many hundreds of pounds. How is the lease structured? Best to be warned if window replacement or some other major work is due shortly that will be shared by the tenants and will materially increase the the maintenance charges or require a specific payment.