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

You are right in these requests have nothing to do with conveyancing in Llanarth and Oakford. However these days you will not be able to proceed with any conveyancing process without first submitting proof of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are providing your driving licence as proof of identification it needs to be both the paper element and photo card part, one is not sufficient in the absence of the other.

Evidence of your source of monies is required in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor will need to retain this information on file. Your Llanarth and Oakford conveyancing solicitor will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask additional questions concerning the origin of monies.

It has been 3 months since my purchase conveyancing in Llanarth and Oakford took place. 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 asset 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.

I am looking for a leasehold apartment up to £305k and found one near me in Llanarth and Oakford I like with amenity areas and railway links in the vicinity, however it only has 52 years on the lease. There is not much else in Llanarth and Oakford for this price, so just wondered if I would be making a grave error acquiring a short lease?

If you need a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

What does commercial conveyancing in Llanarth and Oakford cover?

Commercial conveyancing in Llanarth and Oakford incorporates a wide array of services, offered by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

My wife and I expecting to complete on the purchase a house in Llanarth and Oakford but as a result of damage from the recent storms I have negotiated recompense from the vendor of £2k taking the form of a reduction in the price. This was going to be addressed as part of the conveyancing process yet the lender will not agree to this. Should they have been approached?

Any conveyancing practitioner that is on the mortgage company conveyancing panel is duty bound to disclose to the mortgage company of any variations to the purchase amount. In the event that you prohibit your conveyancer to report the reduction to your mortgage company then they would need to refrain from representing you and the bank.