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

To satisfy the Money Laundering Regulations any Abbeymeads conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account showing where you live.

Under Money Laundering Regulations, property lawyers are duty bound to check not just the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this may lead to your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to inform the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.

I need some expedited conveyancing in Abbeymeads as I am faced with a deadline to exchange contracts in less than one month. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?

If.Given you are not taking a mortgage you have the choice not to have searches carried out although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Abbeymeads the following are examples of what can arise and therefore impact market value: Enforcement Actions, Outstanding Charges, Overdue Grants, Railway Schemes,...

I am purchasing my first flat in Abbeymeads with a loan from Chelsea Building Society. The developers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not to tell my solicitor about the extras as it would adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am thinking of appointing a conveyancing solicitor in Abbeymeads for my house move. Is it possible to see a solicitor's record with the profession’s regulator?

Anyone can find published Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The regulator could monitor telephone calls for training purposes.

I am hoping to sign contracts shortly on a ground floor flat in Abbeymeads. Conveyancing lawyers have said that they will have a report out to me next week. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Abbeymeads should include some of the following:

You would want to be sent a copy of the lease It needs to be made clear to you whether the lease allows you to add or improve anything in the flat- you must be made aware as to whether it applies to all alterations or just structural alteration, and whether consent is mandated necessary The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Responsibility to repair and maintain the building. It is essential that you know which party is duty bound to repair and maintenance of all parts of the block and communal areas Advice as to the provision in the lease to to contribute towards maintenance costs - in relation to the building, and the more general rights a lessee enjoys

Abbeymeads Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying

How many years remain on the lease? It would be a good idea to discover if there are any onerous restrictions in the lease. For example it is very common in Abbeymeads leases that pets are not permitted in in a block in Abbeymeads. If you love the flatin Abbeymeads but your dog is not allowed to move with you then you have a very hard decision.