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

In order to comply with Money Laundering Regulations any Broadstairs 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 bill evidencing where you live.

In accordance with Money Laundering Regulations, conveyancers are obliged by law to investigate not only the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer 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 notify the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.

I am selling my flat in Broadstairs. Does my need to be on the conveyancing panel in order to deal with paying off my mortgage?

Ordinarily, even if your lawyer is not on the conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.

I am planning on selling our house in Broadstairs and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the purchasers are using a nationwide conveyancing firm rather than a conveyancing solicitor in Broadstairs. Having lived in Broadstairs for many years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification need.

It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)

Due to the advice of my in-laws I had a survey completed on a property in Broadstairs in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders tend not grant a loan on this type of home.

It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Broadstairs. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Broadstairs to see if the conveyancing costs will increase in light of this.

I own a leasehold flat in Broadstairs, conveyancing having been completed 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Broadstairs with a long lease are worth £165,000. The ground rent is £45 levied per year. The lease terminates on 21st October 50

With 50 years unexpired the likely cost is going to be between £36,100 and £41,800 as well as professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.