I was informed yesterday by my mortgage broker that my Redbridge property lawyer is not on the mortgage company Solicitor panel. What can I do to be certain whether this is indeed the case?
You need to call your Redbridge conveyancer. You lawyer should notify you what has happened. If they are not on the panel they may be able to suggest a Redbridge conveyancing firm that is on the approved list of lawyers for your bank.
In what way does my ID and proof of funds have anything to do with my conveyancing in Redbridge? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Redbridge. Nowadays you can not proceed with any conveyancing process in the absence providing evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as proof of ID it must be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of your source of monies is necessary under Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer must have this information on record. Your Redbridge conveyancing practitioner 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 further queries regarding the origin of monies.
Are the BSA intent on creating a search tool with a view to list firms on the Loughborough BS conveyancing panel for instance in Redbridge?
We have not been informed any intention on the part of the BSA to promote such a search facility.
three months have gone by following my purchase conveyancing in Redbridge completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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 premises 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.
In what way can the Landlord & Tenant Act 1954 affect my business property in Redbridge and how can your lawyers assist?
The 1954 Act gives protection to commercial leaseholders, granting the legal entitlement to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Redbridge is one of our hundreds of locations in which our lawyers are based