What does my ID and proof of funds have anything to do with my conveyancing in Hilsea? What am I being asked for?

In order to comply with Money Laundering Regulations any Hilsea 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 account showing your correct address.

Under Money Laundering Regulations, conveyancing solicitors are required to investigate not simply the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers 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 am looking to buy a house and need a conveyancing solicitor in Hilsea who is on the Yorkshire Building Society solicitor. Could you point me in the right direction as regards a conveyancing firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Yorkshire Building Society in certain locations such as Hilsea. We dont recommend any particular firm.

Are there restrictive covenants that are commonly identified as part of conveyancing in Hilsea?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Hilsea. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Last July I purchased a leasehold flat in Hilsea. Am I liable to pay service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Hilsea Conveyancing for Leasehold Flats - A selection of Queries Prior to buying

Does the lease contain onerous restrictions? How many years are left on the lease? It would be wise to find out if there are any onerous restrictions in the lease. By way of example plenty of leases prohibit pets being permitted in certain buildings in Hilsea. If you like the propertyin Hilsea however your cat can’t move with you then you will be presented with a difficult decision.

Our financial adviser has recommended their lawyer for the conveyancing in Hilsea - Surely it’s better to just instruct them?

You need to establish if the estate agent is recommending a property lawyer or introducing to a conveyancing practitioner. There are plenty of Hilsea estate agents who recommend two or three Hilsea conveyancing firms purely based on those lawyers offering a great service.