What does my ID and proof of funds have anything to do with my conveyancing in Salcombe? Is this really warranted?

Salcombe conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients are required to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no older than three months).

Proof of the origin of funds is also required in compliance with the money laundering regulations as conveyancers have a duty to check that the money you are using to acquire a property (be it the exchange deposit or the total purchase price where you are a cash purchaser) has originated from an acceptable source (such as employment savings) as opposed to the fruits of illegitimate activity.

Should our conveyancer be raising enquiries regarding flooding during the conveyancing in Salcombe.

Flooding is a growing risk for solicitors carrying out conveyancing in Salcombe. Some people will purchase a house in Salcombe, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.

Solicitors are not best placed to impart advice on flood risk, however there are a various checks that may be initiated by the purchaser or on a buyer’s behalf which will figure out the risks in Salcombe. The conventional set of information given to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the owner to find out whether the property has suffered from flooding. If the premises has been flooded in past and is not disclosed by the seller, then a buyer could issue a claim for damages as a result of such an inaccurate answer. A buyer’s solicitors should also order an environmental search. This will indicate whether there is any known flood risk. If so, additional investigations should be made.

In my capacity as executor for the will of my uncle I am disposing of a house in Neath but I am based in Salcombe. My conveyancer (based 260 kilometers from merequires that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing practitioner in Salcombe who can attest and place their company stamp on the document?

strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are Salcombe based

I today plan to offer on a house that appears to be perfect, at a great figure which is making it more attractive. I have just been informed that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Salcombe. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Salcombe ?

The majority of houses in Salcombe are freehold and not leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Salcombe in which case you should be looking for a Salcombe conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. 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 alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your solicitor will appraise you on the various issues.

I inherited a basement flat in Salcombe, conveyancing formalities finalised in 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Salcombe with a long lease are worth £181,000. The ground rent is £55 invoiced annually. The lease comes to an end on 21st October 2074

With just 50 years left to run the likely cost is going to range between £31,400 and £36,200 as well as costs.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.

I have been Googling for Salcombe online conveyancing estimates. Can I be assured that all the Salcombe practices that are listed on your site are on the mortgage company conveyancing panel?

The law firms on our directory have assured us via an online form that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Salcombe conveyancing solicitor being on the lender conveyancing panel is not accurate.