What does my ID and proof of funds have anything to do with my conveyancing in Redruth? Is this really necessary?
It is indeed that case that these requests have nothing to do with conveyancing in Redruth. However these days you can not proceed with any conveyancing process without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are providing your driving licence as evidence of ID it needs to be both the paper element as well as the photo card part, one is not acceptable in the absence of the other.
Proof of the origin of funds is required under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer will need to retain this information on record. Your Redruth conveyancing solicitor will require evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask further queries regarding the source of funds.
My wife and I are purchasing a flat in Redruth. It might be a silly question but how we can trust a solicitor? At some point we will need to send funds into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
There are plenty of conveyancing solicitors in Redruth but how do I know who's good?
It would be unwise to be swayed by the cheapest Redruth conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I am helping my aunt sell her house in Redruth. Will the solicitor arrange the energy performance certificate or it is for me to coordinate?
Following the abolition of Home Packs, EPC’s remained a compulsory element of moving house. An energy assessment must be commissioned before the property is marketed. It is not a task that conveyancers ordinarily organise. If you are instructing a Redruth conveyancing solicitor they may be willing to arrange EPC’s given their contacts with long established Redruth assessors
2 months have gone by since my purchase conveyancing in Redruth took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Redruth. Conveyancing is necessary evil 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 legal work.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Redruth
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan.
I am looking to sell my house. My former conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Redruth if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Redruth. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
How and when do I pay stamp duty payable for my house transaction in Redruth?
The solicitor should fill out a Land Transaction Return Form on your behalf during your Redruth purchase transaction for you to sign. On completion your property lawyer will submit the Land Transaction Return Form to the Tax Authorities and - as long as they have the funds - settle any tax bill liability for you.