What does my ID and proof of funds have anything to do with my conveyancing in Preston Park? Why is this being asked of me?
Preston Park conveyancing solicitors and indeed property practitioners accross the UK have an obligation under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement no more than three months).
Proof of the origin of funds is also required under the money laundering laws as solicitors are obliged to investigate that the monies you are using to purchase a property (whether it be the deposit for exchange or the total purchase amount if you are a cash purchaser) has come from an acceptable source (such as an inheritance) and is not the fruits of illegitimate behaviour.
Can I be sure that the Preston Park conveyancing solicitor on the Yorkshire BS panel is any good?
When it comes to conveyancing in Preston Park seeking recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer conducting your conveyancing.
We are getting the release of further funds on our home loan from Virgin Money as we wish to carry out alterations to our home in Preston Park. Are we obliged to choose a local Preston Park solicitor on the Virgin Money conveyancing panel to handle the legals?
Virgin Money would not normally require firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money conveyancing panel.
We expect to receive a AIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Preston Park solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Preston Park solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
I am downsizing from our house in Preston Park and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Preston Park lawyer would know this is not the case. It does beg the question why the purchasers are using a nationwide conveyancing firm as opposed to a conveyancing solicitor in Preston Park. We have lived in Preston Park for six years we know of no issue. Do we get in touch with our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I'm remortgaging my primary property to a BTL mortgage with Nationwide Building Society and intend to use the remaining equity towards further house. The location we are looking at is Preston Park. Will your solicitors be able to act for both sets of lenders and link together the transactions?
Make use of our search tool on this site to check that the conveyancers are on the relevant lender panels. Having checked that they are the lawyer will be able to connect the two conveyancing matters but you should talk with you solicitor and make clear your expectations and requirements.
If all goes to plan we aim to complete the sale of our £150,000 flat in Preston Park in 5 days. The managing agents has quoted £360 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Preston Park?
Preston Park conveyancing on leasehold apartments normally necessitates fees being invoiced by freeholders :
Completing pre-contract enquiries
Where consent is required before sale in Preston Park
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the registered owner of a 2 bed flat in Preston Park, conveyancing formalities finalised December 2011. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Preston Park with a long lease are worth £171,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2100
With only 79 years unexpired the likely cost is going to span between £7,600 and £8,800 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.