What does my ID and proof of funds have anything to do with my conveyancing in South Brent? Why is this being asked of me?

To satisfy the Money Laundering Regulations any South Brent conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account showing where you reside.

Under Money Laundering Regulations, property lawyers are duty bound to validate not simply the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this may lead to your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to notify the appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.

I am about to put a bid on a leasehold apartment in South Brent. The estate agents tell me that it is usual for flats in South Brent to have less than 75 years left on the lease. I am expecting a loan with Tesco Bank. Will the property be mortgageable given that the lease has 70 years left.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/7/2024 the requirements read as follows :

Are there restrictive covenants that are commonly picked up as part of conveyancing in South Brent?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in South Brent. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I decided to have a survey carried out on a property in South Brent ahead of appointing lawyers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some banks may refuse to grant a loan on such a premises.

It depends who your proposed lender is. Santander has different instructions from Nationwide. If you contact us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in South Brent. Conveyancing will be smoother if you use a solicitor in South Brent especially if they are familiar with such properties in South Brent.

I am looking for a conveyancing practitioner in South Brent for my sale. Can I check a firm’s record with the legal regulator?

Members of the public may find presented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. To find information Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training purposes.