What does my ID and proof of funds have anything to do with my conveyancing in Gaydon? Is this really warranted?

Gaydon conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under money laundering regulations to verify the ID of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to produce two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no older than three months).

Proof of source of funds is also required in compliance with the money laundering statutes as lawyers are mandated to ensure that the money you are utilising to buy a property (be it the exchange deposit or the total purchase monies where you are buying without a mortgage) has come from an acceptable source (such as employment savings) rather than the proceeds of illegitimate activity.

is it true that all Gaydon solicitor practices on the Clydesdale conveyancing panel are regulated by the SRA?

As a firm of solicitors, in order to be on the Clydesdale conveyancing panel they would need to be regulated by the SRA. Some lenders do allow licenced conveyancers on their panel and in that case the firms would be regulated by the Council of Licensed Conveyancers.

We are getting the release of further monies on our home loan from Nationwide as we want to conduct improvements to our home in Gaydon. Do we need to choose a local Gaydon solicitor on the Nationwide conveyancing panel to handle the legals?

Nationwide do not ordinarily appoint a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide panel.

I am purchasing a property in Gaydon. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Leeds Building Society be concerned?

Given that your lender is Leeds Building Society your lawyer must check the formal instructions set out in Section 2 of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to Leeds Building Society where a lease fails to comply with these conditions. The conditions relate to the installation of panels on properties countrywide and is not isolated to Gaydon.

What tools are available to identify a Gaydon law firm on the Coventry Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 25kilometers to meet the lawyer.

You can use the tool on this website. Please select a bank and your location and you will see a number of Gaydon conveyancing lawyers located nearest you. We have detailed some Gaydon conveyancing firms towards the end of this page and you can call them to see if they are on the Coventry Building Society panel

Back In 2002, I bought a leasehold flat in Gaydon. Conveyancing and Barnsley Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Gaydon who acted for me is not around. Do I pay?

First make enquiries of the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Gaydon conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I acquired a 1st floor flat in Gaydon, conveyancing having been completed 7 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Gaydon with over 90 years remaining are worth £227,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease finishes on 21st October 2097

With just 72 years left to run we estimate the price of your lease extension to range between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.

What range of conveyancing services do Gaydon conveyancing firms typically advise on?

Generally most Gaydon conveyancing practices will carry out a broad sphere of assistance to domestic and agricultural land proprietors, sellers, first time buyers, freeholders and tenants such as:

Domestic sale conveyancing in Gaydon and beyond Home purchase conveyancing in Gaydon and further afield Acting for landlords and seeking possession against tenants, licensees or squatters in and outside of Gaydon Leasehold enfranchisement (advice to both landlords and tenants) Planning permissions and restrictions ‘Buy to let’ and investment property issues