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

To satisfy the Money Laundering Regulations any Llanbedrog 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 bill showing your correct address.

Under Money Laundering Regulations, property lawyers are duty bound to validate not just the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to notify the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.

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

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Llanbedrog. 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…’

Due to the encouragement of my in-laws I had a survey completed on a house in Llanbedrog in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some banks may refuse to issue a loan on this type of house.

It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Llanbedrog. Conveyancing will be smoother if you use a solicitor in Llanbedrog especially if they are familiar with such properties in Llanbedrog.

My cousin has suggested that I appoint his conveyancers in Llanbedrog. Should I find my own conveyancer?

No doubt the ideal way to find a conveyancing solicitor is to seek guidance from friends or relatives who have actually used the solicitor that you are considering.

Do all mortgage companies provide you with an approved list of Llanbedrog solicitors? How do you know who is on the lender conveyancing panel?

Llanbedrog firms and firms carrying out conveyancing in Llanbedrog themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the bank directly.