In what way does my ID and proof of funds have anything to do with my conveyancing in Barkingside? What am I being asked for?
Barkingside conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no older than three months).
Proof of source of monies is also required in compliance with the money laundering statutes as conveyancers are obliged to check that the monies you are using to buy a property (be it the exchange deposit or the full purchase price if you are buying without a mortgage) has come from an acceptable source (such as employment savings) as opposed to the product of criminal activity.
I used Stirling Law several years past for my conveyancing in Barkingside. Now, I need my documents however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate 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 Barkingside 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.
I am buying a new build apartment in Barkingside. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Barkingside
Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared.
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Barkingside I like with open areas and station in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Barkingside for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan that many years may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
Given that I will soon part with 450k on a two bedroom apartment in Barkingside I would like to talk to a solicitor regarding thetransaction before giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor due to be conducting your property ownership legalities in Barkingside.There is no ‘factory style conveyancing’ - every client is unique person, not a matter number. The solicitors that we put you in touch with believe that the fees you are provided with for residential conveyancing in Barkingside should be the figure that you end up paying.