What does my ID and proof of funds have anything to do with my conveyancing in Deddington? What am I being asked for?

Deddington conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to check the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to disclose two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).

Proof of source of funds is also necessary under the money laundering laws as lawyers are duty bound to investigate that the money you are utilising to acquire a property (be it the exchange deposit or the full purchase price if you are a cash purchaser) has originated from legitimate source (such as an inheritance) as opposed to the product of illegitimate behaviour.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Deddington is the location of the property. Can you offer any opinion?

Flying freeholds in Deddington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Deddington you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Deddington may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

How does the Landlord & Tenant Act 1954 affect my business premises in Deddington and how can you help?

The particular law that you refer to gives protection to commercial tenants, giving them the a statutory right to apply to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Deddington is one of our numerous locations in which our lawyers are located

I am 14 days into a freehold purchase having been directed to solicitors by the local agent to handle our conveyancing in Deddington. I am am very dissatisfied with the level of service. Can you help me find new conveyancers?

A solicitor would have to be very poor to suggest changing them. Has the loan offer been generated? If so you must advise them of the new contact details and have the mortgage documents are re-sent. The solicitor ideally needs to be on the mortgage company panel to avoid escalating charges and delays. That should be your first question of the new conveyancers. The search tool will help you find a lender approved conveyancer for your home move in Deddington

My wife and I purchased a leasehold house in Deddington. Conveyancing and Coventry Building Society mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Deddington who acted for me is not around. What should I do?

First make enquiries of HMLR to make sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to incur the fees of a Deddington conveyancing solicitor to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Deddington - A selection of Questions you should consider Prior to buying

For most Deddington leaseholds the cost for major works tend not to be included within maintenance charges, albeit that there some managing agents in Deddington require tenants to pay into a reserve fund created for the specific intention of establishing a fund for major repairs or maintenance. What is the length of the lease?