What does my ID and proof of funds have anything to do with my conveyancing in Teignmouth? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Teignmouth. Nowadays you will not be able to complete any conveyancing deal in the absence providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are providing your driving licence as proof of ID it must be both the paper section and photo card part, one is not sufficient in the absence of the other.
Verification of your origin of funds is necessary in accordance with the Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancer must have this information on file. Your Teignmouth conveyancing practitioner will require evidence of proof of funds before they are able to accept any funds from you into their client account and they may also ask additional queries concerning the origin of funds.
My wife and I have recently appointed a conveyancing solicitor in Teignmouth. I I am struggling to find out if they are accepted on the Nationwide Building Society conveyancing panel. Could you advise?
You should contact the conveyancer and ask them if they can act for the lender. Alternatively you should get in touch with Nationwide Building Society who may be able to help.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Teignmouth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Teignmouth. 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…’
Over the last few months I have been searching for a flat up to £235,500 and found one close by in Teignmouth I like with amenity areas and railway links nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in Teignmouth in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
My brother has recommend that I instruct his conveyancers in Teignmouth. Should I use them?
Much as we are happy to recommend a Teignmouth conveyancing lawyer the best way to find a conveyancing lawyer is to seek recommendations from friends or relatives who have actually used the firm that you are considering.