What does my ID and proof of funds have anything to do with my conveyancing in Kimberley? Is this really necessary?
In order to comply with Money Laundering Regulations any Kimberley conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
Under Money Laundering Regulations, conveyancing solicitors are obliged by law to check not simply the identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer terminating 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 make a disclosure to the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Are all Kimberley Conveyancing Quality Solicitors on the Co-operative conveyancing list of approved practices?
A selection of banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
When it comes to mortgage companies such as TSB, do Kimberley lawyers face a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
We expect to receive a AIP from Coventry BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Kimberley solicitors on the Coventry BS conveyancing panel, or is it better to go independently?
You will need to appoint Kimberley solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
Due to the encouragement of my in-laws I had a survey completed on a property in Kimberley prior to appointing lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies will refuse to give a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you call us we can check with 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 Kimberley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kimberley to see if the conveyancing costs will increase in light of this.
I have recently realised that I have 62 years remaining on my lease in Kimberley. I now want to get lease extension but my landlord is can not be found. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to find the lessor. For most situations an enquiry agent would be useful to try and locate and to produce an expert document to be used as proof that the landlord is indeed missing. It is advisable to get professional help from a conveyancer in relation to devolving into the landlord’s disappearance and the application to the County Court covering Kimberley.
Leasehold Conveyancing in Kimberley - Sample of Questions you should ask before buying
Many Kimberley leasehold properties will incur a service bill for maintenance of the block invoiced by the freeholder. Should you buy the apartment you will have to meet this amount, usually in instalments during the year. This may be anything from several hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all likelihood there will be a ground rent to be met annual, this is usually not a large sum, say approximately £25-£75 but you should to check as on occasion it can be many hundreds of pounds. In the main the outlay for major works tend not to be built into the maintenance charges, albeit that there some managing agents in Kimberley obliged leasehold owners to contribute towards a reserve fund created for the specific intention of building a fund for larger works. What is the yearly maintenance fee and ground rent?
Is there a difference between surveying and conveyancing in Kimberley?
Conveyancing - in Kimberley or elsewhere - is the legal term given to transferring legal title of property from one person to another. It involves the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the vendor to fix the problems prior to you complete your move.