What does my ID and proof of funds have anything to do with my conveyancing in Waltham Forest? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Waltham Forest conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, property lawyers are duty bound to check not simply the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer ending their retainer 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 inform the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
The Waltham Forest conveyancing firm that I recently instructed on my house acquisition in Waltham Forest have suddenly closed. I only went with them because I needed a firm on the Kent Reliance conveyancing panel and my family Waltham Forest lawyer was not. I wrote them a cheque for £250 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
three months have gone by since my purchase conveyancing in Waltham Forest concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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.
Given that I will soon spend £400,000 on a property in Waltham Forest I would like to have a conversation with the conveyancer about myhouse move in advance of instructing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor due to be carrying out your property ownership legalities in Waltham Forest.There is no ‘factory style conveyancing’ - every client is unique person, not a file reference. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Waltham Forest should be the figure that you are charged.
There are only 68 years unexpired on my flat in Waltham Forest. I now wish to get lease extension but my landlord is absent. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to prove that you have done all that could be expected to locate the landlord. For most situations a specialist may be helpful to conduct investigations and prepare an expert document to be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the application to the County Court covering Waltham Forest.
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Waltham Forest. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We are happy to put you in touch with a Waltham Forest conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Waltham Forest property is 32 Howard Road in June 2012. the Tribunal held that premium payable for the freehold reversion should be £35,825 This case affected 2 flats. The unexpired lease term was 64 years.
We have been advised by various estate agents that it should take 6-8 weeks for Waltham Forest conveyancing to complete.This was a month ago. The property information was only received from the vendors conveyancing practitioner yesterday so now does it countdown?
There is no definitive time frame for conveyancing in Waltham Forest. Conveyancing is subject to too much unpredictabilities. Waltham Forest conveyancing searches alone may take some weeks before they are received.