In what way does my ID and proof of funds have anything to do with my conveyancing in North Ockendon? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in North Ockendon. However these days you can not proceed with any conveyancing process without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Remember if you are providing your driving licence as evidence of identification it needs to be both the paper element and photo card part, one is not acceptable without the other.
Verification of your origin of funds is mandated under Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer must have this information on record. Your North Ockendon conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask additional questions concerning the origin of funds.
The North Ockendon conveyancing lawyers that I recently instructed on my purchase in North Ockendon have suddenly shut down. They were on acting for me because I needed a solicitor on the Virgin Money conveyancing panel and my family North Ockendon lawyer was not. I paid them £170 in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
Should commercial conveyancing searches reveal planned roadworks that could impact a commercial land in North Ockendon?
Many commercial conveyancing solicitors in North Ockendon will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in North Ockendon. The report sets out definitive information 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 Ockendon.
For each commercial conveyancing transaction in North Ockendon it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to North Ockendon commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in North Ockendon.
Just had an offer accepted on a new build flat in North Ockendon. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in North Ockendon
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I'm converting the mortgage on my existing property to a buy to let loan with Accord Mortgages Ltd and intend to use the remaining equity as a down payment on a second property. The neighborhood we are interested in is North Ockendon. Will your conveyancers be able to act for both sets of banks and link together the transactions?
Make use of our search tool on this page to ensure that the solicitors are on the appropriate lender panels. Having checked that they are your conveyancer will be able to simultaneously deal with the two deals but you should talk with you conveyancer and specify your desired outcome and needs.