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

Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you are required to sign will no doubt stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to supply identification documents, your solicitor can not take you on as a client.

My wife and I are purchasing a flat in Ross On Wye. It might be a silly question but how we can trust a solicitor? At some point we will need to put money into their account. What is the protection we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

This question may be naive but I am unseasoned as FTB of a garden flat in Ross On Wye. Do I collect the keys to the house on completion from my lawyer? If so, I will use a local conveyancing solicitor in Ross On Wye?

On the day of completion you do not need to go to the conveyancers office in Ross On Wye. Conveyancing lawyers for you will transfer the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you should be able to collect the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.

Is it the case that all Ross On Wye solicitor firms on the Virgin Money conveyancing panel are governed by the SRA?

As a firm of solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be overseen by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be governed by the CLC.

As co-executor for the will of my father I am disposing of a property in Newport but live in Ross On Wye. My conveyancer (who is 300 kilometers awayrequires that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing practitioner in Ross On Wye to attest this legal document for me?

Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are located in Ross On Wye

I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have since found out that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Ross On Wye. Conveyancing advisers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Ross On Wye ?

The majority of houses in Ross On Wye are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Ross On Wye so you should seriously consider shopping around for a Ross On Wye conveyancing practitioner and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the landlord’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer should report to you on the legal implications.

I purchased a 1st floor flat in Ross On Wye, conveyancing was carried out half a dozen years ago. 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 properties in Ross On Wye with over 90 years remaining are worth £165,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2103

With 78 years unexpired we estimate the premium for your lease extension to be between £7,600 and £8,800 as well as legals.

The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.

I need to find a lender panel solicitor in Ross On Wye. Could you help me?

Unfortunately it’s not apparent why you need a Ross On Wye panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Ross On Wye are on their panel . If you do find such a firm in Ross On Wye not listed please direct them to our site to list. After all the cost is only one £1 a month