I am hoping to receive a mortgage with Nat West. I intend to use a Licensed Conveyancer in Lynton. Does the Nat West Solicitor panel allow for conveyancers regulated by the CLC?

The Nat West conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.

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

To satisfy the Money Laundering Regulations any Lynton conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied 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 identity of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your lawyer ending 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 monies received by them may contravene the Money Laundering Regulations.

I have justfound out that Wolstenholmes have been shut down. They carried out my conveyancing in Lynton for a purchase of a freehold house 18 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?

The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Lynton conveyancing specialists.

How does conveyancing in Lynton differ for newly converted properties?

Most buyers of new build premises in Lynton approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Lynton typically acquire the real estate, 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 conveyancers 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 used to new build conveyancing in Lynton or who has acted in the same development.

How can the Landlord & Tenant Act 1954 impact my commercial offices in Lynton and how can your lawyers assist?

The 1954 Act gives security of tenure to business leaseholders, giving them the legal entitlement to apply to court for a renewal lease and continue in occupation at the end of the lease term. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Lynton