Our god-son is purchasing a house that has just been built in Rugeley with a mortgage from Kent Reliance. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Kent Reliance conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What does my ID and proof of funds have anything to do with my conveyancing in Rugeley? What am I being asked for?
Rugeley conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty 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 will need to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no more than three months).
Evidence of source of funds is also necessary under the money laundering regulations as lawyers are obliged to ensure that the funds you are utilising to purchase a property (be it the exchange deposit or the full purchase monies where you are a cash purchaser) has originated from legitimate source (such as an inheritance) rather than the fruits of criminal activity.
In what way can the Landlord & Tenant Act 1954 affect my business premises in Rugeley and how can your lawyers assist?
The particular law that you refer to affords security of tenure to commercial leaseholders, giving them the a statutory right to make a request to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Rugeley
I am thinking of appointing a conveyancing practitioner in Rugeley for my sale. Is it possible to see a firm’s record with the legal regulator?
One can search for presented Solicitor Regulator Association (SRA) determinations stemming from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. To find details Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA could recorded call for training reasons.
What is the average conveyancing fee for conveyancing in Rugeley?
The average cost last year for conveyancing in Rugeley was £1,395 excluding Stamp Duty and HM Land Registry charges.