What does my ID and proof of funds have anything to do with my conveyancing in Braunton? Is this really warranted?
Braunton conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Proof of source of funds is also required in compliance with the money laundering statutes as solicitors are required to investigate that the money you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase monies where you are buying without a mortgage) has come from a reputable source (such as an inheritance) as opposed to the proceeds of illegitimate behaviour.
I have recentlybeen informed that Arc property Solicitors have closed. They conducted my conveyancing in Braunton for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is in my name in the name of the previous owner?
The quickest way to check if the property is registered to you, you can make 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 Braunton conveyancing specialists.
How does the Landlord & Tenant Act 1954 affect my commercial premises in Braunton and how can your lawyers assist?
The particular law that you refer to provides a safeguard to commercial tenants, granting the right to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Braunton
We're first time buyers - agreed a price, yet the selling agent told us that the owners will only go ahead if we use their recommended conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street solicitor who is familiar with conveyancing in Braunton
We suspect that the seller is not behind this demand. Should the owner desire ‘a quick sale', turning down a serious buyer is counter productive. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Braunton conveyancing solicitors - not the ones that will earn the estate agent a introducer fee or achieve conveyancing figures pre-set by head office.
I am in need of some leasehold conveyancing in Braunton. Before I get started I want to be sure as to the unexpired term of the lease.
If the lease is registered - and most are in Braunton - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Braunton Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to Purchasing
This information is useful as a) areas may result in problems for the building as the communal areas may begin to deteriorate if services are not paid for b) if the leasehold owners have an issue with the managing agents you will wish to know about it How much is the ground rent and service charge? The prefered form of lease arrangement is where the freehold reversion is owned by the leaseholders. In this situation the lessees have being in charge if their destiny and even though a managing agent is frequently retained where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves.