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

Moston conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to check the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients will need to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).

Proof of source of funds is also necessary under the money laundering statutes as solicitors are obliged to check that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase amount if you are a cash purchaser) has come from legitimate source (such as an inheritance) and is not the fruits of illegitimate activity.

My grandmother passed away last year and as sole heir and executor I was left the property in Moston. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to , pay off the mortgage. Is this possible?

Where you plan to re-mortgage then will require that you use a conveyancer on the conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the mortgage is registered as a charge at the Land Registry.

Due to the advice of my in-laws I had a survey completed on a property in Moston ahead of retaining lawyers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will not give a loan on this type of property.

It depends who your proposed lender is. Santander has different instructions from Nationwide. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Moston. Conveyancing may be slightly more expensive based on your lender's requirements.

I'm refinancing my current house to a buy to let mortgage with and I will use the rest of the raised equity towards another property. The area we are talking about is Moston. Will your lawyers be able to act for both sets of lenders and link together the two deals?

Make use of our comparison tool on this page to be sure that the solicitors are on the appropriate lender panels. On the basis that they are your solicitor should be able to connect the two deals but you should have a chat with you lawyer and make clear your expectations and needs.

I am in need of some leasehold conveyancing in Moston. Before I set the wheels in motion I would like to find out the remaining lease term.

If the lease is registered - and almost all are in Moston - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Moston Leasehold Conveyancing - A selection of Queries before Purchasing

How is the lease structured? You should be aware if it is less than eighty years it will affect the value of the apartment. It is worth checking with your bank that they are willing to to proceed given the lease term. A short lease means that you will most likely require a lease extension at some point and it is worth discovering how much this would cost. For most Mostonlease extensions you will be be obliged to have been the owner of the premises for two years before you are eligible to carry out a lease extension.