I am in the market for a reasonably priced conveyancer. Do I opt for a nationwide conveyancer or a high street Billericay conveyancing lawyer?
Generally conveyancing practitioners in your location will enjoy good alliances with your local authority, which can assist with the Billericay conveyancing searches that your solicitor will require on your transaction. It can only be a plus if they have strong rapport with the Local Land Registry Office your area Billericay, other property lawyers in the neighbourhood and Billericay Estate Agents.
In what way does my ID and proof of funds have anything to do with my conveyancing in Billericay? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Billericay conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account showing your correct address.
Under Money Laundering Regulations, property lawyers are duty bound to investigate not only the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this may result in your lawyer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
We are a couple of weeks into a freehold purchase having been recommend to a firm by the high street agent to do our conveyancing in Billericay. I am am very frustrated with the quality of service. Could you help me find new solicitors?
They would need to be very bad to suggest changing them. Has the mortgage offer been generated? In the event that it has you will need to advise them of the replacement solicitor and have the offer are issued to the new lawyers. The conveyancer needs to be on the banks panel to avoid added fees and frustration. That should be your first question of the new conveyancers. The search tool can assist you in finding a bank approved lawyer for your home move in Billericay
Due to exchange soon on a studio apartment in Billericay. Conveyancing lawyers have said that they will have a report out to me on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Billericay should include some of the following:
if lease has a provision for a sinking fund for major works? Specifying your legal entitlements in respect of common areas in the building.For instance, does the lease contain a right of way over an accessway or staircase? Who has the liability to repair and maintain the block. It is important that you know which party is responsible the repair and maintenance of every part of the building What options are open to you if another leaseholder in the building is in violation of a provision in their lease? Ground rent - what is due and what the invoice dates are, and also know whether this is subject to change
I am the registered owner of a 2 bed flat in Billericay, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Billericay with a long lease are worth £201,000. The ground rent is £45 yearly. The lease comes to an end on 21st October 2087
With only 65 years left to run we estimate the price of your lease extension to range between £13,300 and £15,400 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
My conveyancing solicitor in Billericay has informed me that he requires proof of ID documents stating that this forms part of his legal duty as a solicitor on the mortgage company Solicitor panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the bank. This is not unique to conveyancing in Billericay