What does my ID and proof of funds have anything to do with my conveyancing in North Finchley? What am I being asked for?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with before they can accept their conveyancing business. The Terms of Engagement that you are required to sign should stipulate this. Your lender will also require certain documents to be checked. Should you refuse to supply ID verification documents, your solicitor will not be able to take you on as a client.
Will commercial conveyancing searches disclose proposed roadworks that could affect a commercial estate in North Finchley?
Its becoming the norm that commercial conveyancing solicitors in North Finchley will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in North Finchley. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in North Finchley.
For each commercial conveyancing transaction in North Finchley it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to North Finchley commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in North Finchley.
3 months have gone by since my purchase conveyancing in North Finchley completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Should I instruct a North Finchley conveyancing solicitor based in the area that I am buying? I have an old university friend who can conduct the legal work however her office is 300kilometers drive away.
The primary upside of using a high street North Finchley conveyancing practice is that you can drop in to execute paperwork, hand in your identification documents and pester them where appropriate. They will also have local knowledge which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were happy that should outweigh using an unfamiliar North Finchley conveyancing lawyer solely due to them being based in the area.
If instructed can a conveyancer remove a name from the title of my home in North Finchley ?
Subtracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a solicitor