In what way does my ID and proof of funds have anything to do with my conveyancing in Kempston? Is this really necessary?
Kempston conveyancing solicitors and indeed property lawyers accross the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).
Confirmation of the origin of funds is also required in accordance with the money laundering statutes as conveyancers are obliged to investigate that the funds you are using to buy a property (be it the exchange deposit or the full purchase amount if you are buying without a mortgage) has originated from a reputable source (such as an inheritance) rather than the product of illegitimate behaviour.
What is the optimum way to investigate if the solicitor carrying out my conveyancing in Kempston is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barnsley Building Society thus spending £192.00 in another set of legal invoice.
Feel free to make use of the find a conveyancing panel solicitor tool on this site. Pick the lender and type ‘Kempston’ or your preferred area and you will discover a number of lawyer based in Kempston or near you.
Do commercial conveyancing searches reveal impending roadworks that could impact a commercial site in Kempston?
Its becoming the norm that commercial conveyancing solicitors in Kempston will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Kempston. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Kempston.
For each commercial conveyancing transaction in Kempston it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Kempston commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Kempston.
It has been 2 months following my purchase conveyancing in Kempston completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Kempston. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Kempston
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision.