In what way does my ID and proof of funds have anything to do with my conveyancing in Watford? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the potential client they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you are required to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to hand over identification documents, your lawyer will not be able to take you on as a client.
Will our lawyer be raising enquiries concerning flooding as part of the conveyancing in Watford.
Flooding is a growing risk for lawyers conducting conveyancing in Watford. Some people will acquire a property in Watford, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, but there are a various checks that may be carried out by the purchaser or by their lawyers which can figure out the risks in Watford. The standard property information forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the seller to find out whether the property has ever been flooded. In the event that flooding has previously occurred and is not revealed by the owner, then a purchaser could commence a claim for damages stemming from an inaccurate response. A buyer’s conveyancers will also conduct an environmental report. This should indicate if there is a recorded flood risk. If so, further inquiries will need to be initiated.
I used Stirling Law several years past for my conveyancing in Watford. Now, I need my documents but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Watford of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
What does commercial conveyancing in Watford cover?
Non domestic conveyancing in Watford covers a broad array of advice, provided by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies 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.
Am I better off to instruct a Watford conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can perform the legal work but her office is 300miles drive away.
The primary upside of using a high street Watford conveyancing practice is that you can visit the firm to sign paperwork, present your identification documents and apply pressure on them if necessary. They will also have local insight which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were content that should trump using an unfamiliar Watford conveyancing lawyer solely due to them being round the corner.
I have today placed an offer on a leasehold flat in Watford and the broker that we are using suggested his lawyer. He quoted a thousand pounds excluding VAT and disbursements. Does this sound expensive?
You should not rely on 1 estimate. You should obtain like-for-like quotes for your conveyancing in Watford. Then pick one that you trust and crucially, is on the approved panel of the lender that you are sourcing your mortgage from.