What does my ID and proof of funds have anything to do with my conveyancing in Llanwrda? What am I being asked for?
In order to comply with Money Laundering Regulations any Llanwrda conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, property lawyers are required to ascertain not only the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer 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 make a disclosure to the appropriate authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
What does a local search reveal concerning the property we're purchasing in Llanwrda?
Llanwrda conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search is essential in every Llanwrda conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
Me and my brother own a semi-detached Georgian house in Llanwrda. Conveyancing lawyer acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Llanwrda and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing lawyer who conducted the purchase.
How does conveyancing in Llanwrda differ for newly converted properties?
Most buyers of new build or newly converted property in Llanwrda come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Llanwrda usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Llanwrda or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 affect my commercial property in Llanwrda and how can you help?
The particular law that you refer to provides protection to business leaseholders, granting the dueness to apply to court for a new tenancy and continue in occupation at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Llanwrda