What does my ID and proof of funds have anything to do with my conveyancing in Surrey Quays? Is this really necessary?
In order to comply with Money Laundering Regulations any Surrey Quays conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to ascertain not simply the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this may lead to your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
My husband and I wish to acquire a newly converted apartment in Surrey Quays with a mortgage from Nottingham Building Society.We use our Surrey Quays conveyancing solicitor but Nottingham Building Society informed us his firm is not listed on their "panel". we are left little option but to use a Nottingham Building Society panel solicitor or retain our local solicitor and pay for a Nottingham Building Society panel lawyer to act for them. This seems very unfair; Can we not simply insist that Nottingham Building Society use our lawyer?
No, not really. The mortgage issued to you is subject to its various provisions, one of which will be that solicitors will be on the Nottingham Building Society conveyancing panel. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Nottingham Building Society
What is the difference between a licensed conveyancer and conveyancing solicitor in Surrey Quays
Two types of professional can perform conveyancing in Surrey Quays namely CLC regulated conveyancers or solicitors. The two can provide conveyancing services that you need to complete the disposal or purchase of property. Both are duty bound to perform Surrey Quays conveyancing to the same standards and guidelines so you may be sure that your conveyancing will be properly carried out and that all necessary procedures should be correctly adhered to.
We have agreed to purchase a house in Surrey Quays. A rare aspect is that the roof has a solar panel. Co-operative have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Co-operative your lawyer must comply with the formal requirements contained in Section two of UK Finance Lenders’ Handbook for Co-operative. The CML Handbook contains minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Co-operative where a lease fails to comply with these conditions. The requirements relate to the installation of panels on properties nationwide and is not restricted to Surrey Quays.
The formalities of my remortgage has taken place for my property in Surrey Quays. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I have been on the look out for a flat up to £245,000 and found one near me in Surrey Quays I like with amenity areas and transport links in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Surrey Quays in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage that many years will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
How can the Landlord & Tenant Act 1954 affect my commercial property in Surrey Quays and how can your lawyers assist?
The 1954 Act gives security of tenure to business leaseholders, granting the legal entitlement to make a request to court for a renewal lease and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Surrey Quays
I pay a service charge for my ground floor flat in Surrey Quays. As a result of poor financial planning I fell into arrears with remittance. I negotiated a settlement plan but there is still around £1750 outstanding as of today.
I now wish to dispose of the property and I am concerned this will hold me back if I have to settle the arrears in advance. Do I have to settle before - is this viable?
Your lawyer will hopefully be in a position to negotiate with the management company, with a new to seeing if they would accept payment from completion monies. This is an example of why it is sensible to choose a conveyancer in Surrey Quays as they may well enjoy an established relationship with the management company.