In what way does my ID and proof of funds have anything to do with my conveyancing in Alderley Edge and Wilmslow? Is this really necessary?

Alderley Edge and Wilmslow conveyancing solicitors and indeed property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to satisfy themselves that clients are who they say they are.

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

Proof of source of monies is also necessary in compliance with the money laundering laws as solicitors have a duty to check that the money you are utilising to buy a property (whether it be the deposit for exchange or the full purchase amount where you are buying mortgage free) has originated from an acceptable source (such as an inheritance) rather than the proceeds of illegitimate behaviour.

What is the difference between a licensed conveyancer and conveyancing solicitor in Alderley Edge and Wilmslow

There are many registered licenced Conveyancers in Alderley Edge and Wilmslow and Solicitor practices in Alderley Edge and Wilmslow offering conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. Both can deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

I just bought a property at auction in Alderley Edge and Wilmslow. Conveyancing is needed. What happens now?

Given that you have now for all intents and purposes signed on the dotted line you should find a conveyancing practitioner as a matter of urgency as you now have a pending deadline in which to complete the transaction. An auction property will ordinarily have a bespoke legal pack. This will likely include most,if not all of the documents that your solicitor will need. Where you are dealing with leasehold premises the auction papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You must give this to your appointed conveyancing solicitor ASAP. Do make sure that you have funds organised to complete on the date specified in the contract.

We are aiming to move house in April. Will my conveyancing solicitor update the removal company on the day of completion. Incidentally, can you put forward a removal company in Alderley Edge and Wilmslow. Conveyancing solicitor was organised prior to coming across your website.

On the afternoon of completion you will need to collect the keys from your estate agent but this should only happen once the vendors solicitors confirm to the agent that the monies to complete are in and the keys can be passed over. You should advise the removal men that they can start moving you in. We do not suggest a particular removal organisation but can assist you in locating a conveyancing in Alderley Edge and Wilmslow or a lawyer that specialises in conveyancing in Alderley Edge and Wilmslow.

I have recentlydiscovered that Action Conveyancing have closed. They conducted my conveyancing in Alderley Edge and Wilmslow for a purchase of a leasehold apartment 18 months ago. How can I establish that the property is not still registered in the name of the previous owner?

The quickest way to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Alderley Edge and Wilmslow conveyancing specialists.

Do you have any top tips for leasehold conveyancing in Alderley Edge and Wilmslow with the intention of speeding up the sale process?

• A significant proportion of the delay in leasehold conveyancing in Alderley Edge and Wilmslow can be bypassed if you appoint lawyers the minute your agents start advertising the property and request that they start to put together the leasehold documentation needed by the buyers’ lawyers.
If there is a history of any disputes with your freeholder or managing agents it is very important that these are settled before the property is put on the market. The buyers and their solicitors will be nervous about purchasing a property where there is an ongoing dispute. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic rather than unresolved. You believe that you know the number of years left on your lease but it would be wise to verify this by asking your lawyers. A purchaser's lawyer will be unlikely to recommend their client to where the remaining number of years is below 75 years. In the circumstances it is important at an as soon as possible that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. Some Alderley Edge and Wilmslow leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors.

Alderley Edge and Wilmslow Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to buying

The majority of Alderley Edge and Wilmslow leasehold properties will have a service charge for maintenance of the building invoiced by the landlord. Should you acquire the apartment you will have to meet this charge, usually quarterly accross the year. This could be anything from several hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a rentcharge to be met yearly, this is usually not a large sum, say around £50-£100 but you need to check as on occasion it can be prohibitively expensive. Who takes charge for maintaining and repairing the building?

Our lawyer in Alderley Edge and Wilmslow has uncovered a a problem with the lease for the property we are purchasing in Alderley Edge and Wilmslow. The other side have offered defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor says that as he is on the lender conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or the bank?

The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. A precondition to being on the mortgage company approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.