Our Ravenscourt Park conveyancer has identified an inconsistency when comparing the information in the home valuation survey and what is in the conveyancing documents. My solicitor informs me that he is duty bound to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
In what way does my ID and proof of funds have anything to do with my conveyancing in Ravenscourt Park? What am I being asked for?
In order to comply with Money Laundering Regulations any Ravenscourt Park conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility account evidencing where you reside.
In accordance with Money Laundering Regulations, property lawyers are obliged by law to ascertain not just 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 result in your conveyancer terminating 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 make a disclosure to the appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
My brother-in-law has suggested I instruct a conveyancing solicitor in Ravenscourt Park. I need to find out whether they are on the Yorkshire Building Society conveyancing panel. Could you help?
You should e-mail your lawyer and enquire whether they are on the lender panel. Alternatively please call Yorkshire Building Society who may be able to assist.
Are there restrictive covenants that are commonly identified during conveyancing in Ravenscourt Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ravenscourt Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How can the Landlord & Tenant Act 1954 impact my commercial property in Ravenscourt Park and how can your lawyers assist?
The particular law that you refer to provides security of tenure to business tenants, giving them the right to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Ravenscourt Park
Is it best to instruct a Ravenscourt Park conveyancing lawyer based in the area that I am buying? I have an old university friend who can handle the conveyancing however they are based a couple of hundredmiles drive away.
The primary upside of using a local Ravenscourt Park conveyancing firm is that you can drop in to execute paperwork, present your ID and apply pressure on them where appropriate. They will also have local intelligence which is a plus. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and they were content that should surpass using an unfamiliar Ravenscourt Park conveyancing solicitor just because they are based in the area.