What does my ID and proof of funds have anything to do with my conveyancing in Brook Green? What am I being asked for?
To satisfy the Money Laundering Regulations any Brook Green conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing your correct address.
Under Money Laundering Regulations, property lawyers are required to check not simply the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this will result in your conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I am close to exchanging contracts on the sale of our house in Brook Green and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any local conveyancer would know this is not the case. It does beg the question why the buyers are using a nationwide conveyancing practice rather than a conveyancing solicitor in Brook Green. We have lived in Brook Green for 4 years we know of no issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with 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 illness)
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who conducted the conveyancing in Brook Green 4 years ago no longer exist. What do I do?
These day there are duplicates made of almost everything, and your solicitor will be aware precisely where to find all the appropriate paperwork so you can purchase or sell your property without a hitch. If duplicates can’t be found, your conveyancer may be able to arrange cover in the form of insurance or indemnities against future claims on your property.
Due to the encouragement of my in-laws I had a survey completed on a house in Brook Green in advance of instructing solicitors. I have been informed that there is a flying freehold element to the property. My surveyor has said that some lenders tend not give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you e-mail us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Brook Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brook Green to see if the conveyancing will be more expensive.
Why do Brook Green conveyancing costs differ for leasehold and freehold properties?
Leasehold conveyancing in Brook Green more often than not will involve additional work such as checking the lease, corresponding with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.