In what way does my ID and proof of funds have anything to do with my conveyancing in Seahouses? What am I being asked for?
To satisfy the Money Laundering Regulations any Seahouses conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you reside.
Under Money Laundering Regulations, property lawyers are obliged by law to check not simply 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 solicitor cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Various online forums that I have visited warn that are the main reason for obstruction in Seahouses conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Seahouses.
I have recentlybeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Seahouses for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Seahouses conveyancing specialists.
How does conveyancing in Seahouses differ for new build properties?
Most buyers of new build premises in Seahouses contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Seahouses typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Seahouses or who has acted in the same development.
I need to find a conveyancing solicitor for leasehold conveyancing in Seahouses. I have chance upon a site which appears to be the ideal solution If there is a chance to get all formalities done via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My intention is to acquire a garden maisonette in Seahouses. Conveyancing lawyer is waiting for, from the vendor, building insurance documents. This afternoon I was advised that the owner needs to send the insurance documents for the flat above also. Why does my solicitor want to see the insurance for the flat above? Is it really required? We have been stalled for the previous month…
It is not unheard of in leasehold conveyancing in Seahouses to discover Conveyancing in Seahouses in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats rather than the freeholder insuring the complete property - which is clearly better. Do contact your conveyancer but it would appear that your conveyancer is seeking to verify that the whole building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt for lack of insurance.