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

Presteigne conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify 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 identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no older than three months).

Evidence of source of funds is also necessary in accordance with the money laundering statutes as conveyancers are obliged to check that the funds you are using to acquire a property (whether it be the deposit for exchange or the total purchase price where you are buying mortgage free) has originated from an acceptable source (such as employment savings) as opposed to the product of criminal behaviour.

The deeds to my property are lost. The solicitors who did the conveyancing in Presteigne 4 years ago no longer exist. What do I do?

You no longer need to hold title original deeds to prove you own the land or premises, given that the Land Registry have everything they need in a digital format.

Just had an offer accepted on a new build flat in Presteigne. 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 conveyancing.

Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Presteigne

If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

I am looking for a leasehold apartment up to £235,500 and found one near me in Presteigne I like with a park and station in the vicinity, however it only has 52 years on the lease. I can't really find anything else in Presteigne for this price, so just wondered if I would be making a grave error purchasing a short lease?

Should you require a mortgage the remaining unexpired lease term may be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.

I'm refinancing my primary property to a BTL loan with TSB and I will use the ballance of the raised equity as a deposit on a second house. The location we are talking about is Presteigne. Will your conveyancers be able to act for the two mortgage companies and tie in the transactions?

Make use of our comparison tool on this site to ensure that the lawyers are approved by both mortgage companies. On the basis that they are the solicitor will be able to connect the two deals but you should have a chat with you conveyancer and make apparent your desired outcome and requirements.