In what way does my ID and proof of funds have anything to do with my conveyancing in Sprowston? What am I being asked for?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Sprowston. Nowadays you can not proceed with any conveyancing deal without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper part as well as the photo card part, one is not acceptable in the absence of the other.
Verification of your origin of money is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor must have this information on record. Your Sprowston conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional queries regarding the origin of funds.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Sprowston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Sprowston. 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 does conveyancing in Sprowston differ for newly converted properties?
Most buyers of new build property in Sprowston contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Sprowston typically acquire the land, 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 property lawyers 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 used to new build conveyancing in Sprowston or who has acted in the same development.
What does commercial conveyancing in Sprowston cover?
Commercial conveyancing in Sprowston covers a wide array of guidance, offered by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am thinking of appointing a conveyancing solicitor in Sprowston for my house move. Is it possible to review a solicitor's record with the profession’s regulator?
Members of the public may read documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA may monitor call for training reasons.
There are a number of properties in Sprowston on private lanes. We are purchasing one such property. Are there any benefits to purchasing a residence on a private road?
Sprowston conveyancing firms are used to conveyancing houseson unadopted roads. Your conveyancer will review the title to identify any rights or responsibilities. In many cases there is a residents association that owners make annual payments for the upkeep of the road. If one exists, the road will likely be maintained and look better than council maintained.