Our Onslow Village lawyer has identified a difference when comparing the surveyor’s assumptions in the home valuation survey and what is in the legal papers for the property. My lawyer informs me that he is duty bound to check that the lender is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action correct?

Your solicitor must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

In what way does my ID and proof of funds have anything to do with my conveyancing in Onslow Village? Why is this being asked of me?

To satisfy the Money Laundering Regulations any Onslow Village conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility bill evidencing where you reside.

In accordance with Money Laundering Regulations, conveyancers are obliged by law to ascertain not just the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to make a disclosure to the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.

I'm remortgaging my current house to a BTL mortgage with Leeds Building Society and I will use the ballance of the raised equity as a deposit on another house. The location we are looking at is Onslow Village. Will your lawyers be able to act for both sets of lenders and tie in the two deals?

Do use our comparison tool on this site to check that the conveyancers are on the appropriate lender panels. Assuming that they are your conveyancer should be able to connect the two transactions but you should have a chat with you lawyer and make clear your desired outcome and requirements.

What advice can you give us when it comes to choosing a Onslow Village conveyancing firm to carry out our lease extension conveyancing?

If you are instructing a conveyancer for your lease extension (regardless if they are a Onslow Village conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with several firms including non Onslow Village conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:

If they are not ALEP accredited then why not? How experienced is the firm with lease extension legislation?

Leasehold Conveyancing in Onslow Village - A selection of Queries Prior to buying

Is there a share of the freehold? You will want to find out as much as you can regarding the company managing the block as they will either make living at the property much easier or a lot more difficult. As the proprietor of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to practical issues like the upkeep of the communal areas. Enquire of other people what they think of their service. Finally, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and specifically how they are spending the funds. The prefered form of lease structure is if the freehold interest is in the ownership of the leaseholders. In this situation the tenants enjoy control and even though a managing agent is usually retained where it is bigger than a house conversion, the managing agent is directed by the tenants.

Our conveyancing solicitor in Onslow Village is asking me for identification documents saying that this is part of his requirements as a solicitor on the lender Conveyancing panel. Am I being spun a yarn?

Anti-terror and anti-money-laundering rules require Onslow Village conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the bank also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements