In what way does my ID and proof of funds have anything to do with my conveyancing in Millbank? Is this really necessary?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Client Care letter that you are required to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to supply identification documents, your solicitor would not be able to accept instructions from you.
Our mortgage company has suggested a law firm on their panel based in Millbank but I would rather choose a conveyancing lawyer in Millbank or nearer to where I live. Are you able to assist?
Not all Millbank conveyancing solicitors are approved and listed on all banks conveyancing panel. Use our find an approved solicitor tool to locate a Millbank conveyancing firm on the on the mortgage company panel.
How does conveyancing in Millbank differ for newly converted properties?
Most buyers of new build or newly converted property in Millbank contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Millbank typically acquire 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 conveyancing solicitors 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 Millbank or who has acted in the same development.
I am looking for a flat up to £195,000 and identified one close by in Millbank I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Millbank for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage that many years will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
My company is planning to lease a unit on a shopping parade. Can you recommend solicitors offering no-sale-no charges for commercial conveyancing in Millbank for below £2000?
We can recommend firms who have specialist knowledge of commercial conveyancing in Millbank, including the disposal and acquisition of businesses as well as simply premises. If you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right firm. As for the fees these will vary based on the structure and terms of the proposed transaction. Please provide us with your details or telephone us so that we may supply you with a fixed commercial conveyancing quote.