What does my ID and proof of funds have anything to do with my conveyancing in Freshford? What am I being asked for?
To satisfy the Money Laundering Regulations any Freshford conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing where you reside.
Under Money Laundering Regulations, property lawyers are duty bound to investigate not just the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this will result in your solicitor ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to inform the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I have been told that property searches are the main cause of obstruction in Freshford house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Freshford.
How does conveyancing in Freshford differ for new build properties?
Most buyers of new build property in Freshford contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Freshford typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Freshford or who has acted in the same development.
I need to retain a conveyancing solicitor for residential conveyancing in Freshford. I've land on a web site which seems to have the ideal solution If it is possible to get all this stuff done via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am purchasing a garden apartment in Freshford. Conveyancing solicitor is waiting for, from the vendor, building insurance schedule. This afternoon I was informed that the seller needs to send the insurance schedule for the flat above also. Why does my property lawyer want to review the insurance for the other flat? Is it really necessary? We have been in hold for the previous fortnight…
It is not impossible in leasehold conveyancing in Freshford to discover Conveyancing in Freshford in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the landlord insuring the complete premises - which is clearly better. Do contact your conveyancer but it would seem that your solicitor is looking to verify that the entire building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the other flat cannot be reconstructed due to lack of insurance.