In what way does my ID and proof of funds have anything to do with my conveyancing in Tedburn St Mary? What am I being asked for?
Tedburn St Mary conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to verify the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).
Confirmation of source of funds is also necessary in compliance with the money laundering statutes as lawyers are obliged to ensure that the monies you are utilising to buy a property (be it the exchange deposit or the total purchase price if you are buying without a mortgage) has originated from legitimate source (such as an inheritance) rather than the fruits of criminal activity.
My wife and I are buying a flat in Tedburn St Mary. It might be a silly question but how we can trust a lawyer? At some point we will need to put our life savings into their account. What protection do we have from them run away with our money?
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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Tedburn St Mary
There are two types of lawyers who can do conveyancing in Tedburn St Mary namely CLC regulated conveyancers or solicitors. The two can administer the legal services that you need to complete the disposal or purchase of property. They are both duty bound to carry out Tedburn St Mary conveyancing to the same quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally carried out and that the requisite procedures will be appropriately taken.
Having digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Tedburn St Mary solicitor - who is on the RBS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
RBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually RBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Tedburn St Mary postcode. As you are getting a mortgage with RBS, you could contact them to see if they have a list of approved surveyors in Tedburn St Mary.
Are there restrictive covenants that are commonly identified as part of conveyancing in Tedburn St Mary?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Tedburn St Mary. 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…’
The estate agent has sent us the confirmation of our purchase of a new build flat in Tedburn St Mary. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Tedburn St Mary
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I today plan to offer on a house that seems to meet my requirements, at a reasonable figure which is making it more attractive. I have just found out that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Tedburn St Mary. Conveyancing lawyers have are soon to be appointed. Will they explain the issues?
The majority of houses in Tedburn St Mary are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Tedburn St Mary in which case you should be shopping around for a Tedburn St Mary conveyancing solicitor and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer will report to you on the legal implications.
Tedburn St Mary Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing
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Who is in charge of the building? How many of the leaseholders are in arrears for their service charge payments? This question is useful as a) areas could cause problems in the building as the common areas may start to deteriorate if services remain unpaid b) if the leaseholders have a dispute with the running of the building you will want to know about it
I cannot travel my Tedburn St Mary conveyancing lawyers office to sign documents for conveyancing in Tedburn St Mary – will this be an issue?
You need not be concerned. Tedburn St Mary conveyancing lawyers can deal with conveyancing transactions for clients across the country. You are unlikely to be required to visit a Tedburn St Mary conveyancers office. They can deal with everything remotely from their Tedburn St Mary office.