In what way does my ID and proof of funds have anything to do with my conveyancing in Maida Hill? Is this really necessary?

Maida Hill conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under money laundering regulations to check the identity of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients are required to provide two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).

Evidence of source of funds is also required in accordance with the money laundering laws as conveyancers are obliged to investigate that the money you are using to purchase a property (be it the exchange deposit or the total purchase monies where you are buying without a mortgage) has originated from legitimate source (such as employment savings) as opposed to the product of illegitimate activity.

Do the Building Society Association intend to launch a searchable register to to identify practices on the Darlington Building Society conveyancing panel for example in Maida Hill?

We would not expect to be advised of any plans on the part of the BSA to develop such a search facility.

I have todaybeen informed that Arc property Solicitors have been shut down. They carried out my conveyancing in Maida Hill for a purchase of a leasehold flat 10 months ago. How can I check that my home is not still registered in the name of the previous owner?

The quickest way to check if the premises is in your name, you can carry out 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 Maida Hill conveyancing specialists.

I'm buying a new build house in Maida Hill with the aid of help to buy. The builders would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not disclose to my solicitor about the side-deal as it will adversely affect my loan with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Due to the input of my in-laws I had a survey completed on a house in Maida Hill in advance of instructing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend refuse to grant a mortgage on such a premises.

It depends who your proposed lender is. HSBC has different requirements from Nationwide. If you e-mail us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Maida Hill. Conveyancing will be smoother if you use a solicitor in Maida Hill especially if they regularly deal with such properties in Maida Hill.