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

You are right in these requests have nothing to do with conveyancing in Walthamstow Village. However these days you will not be able to proceed with any conveyancing transaction without first handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a utility bill. Please note that if you are supplying your driving licence as evidence of identification it must be both the paper part and photo card part, one is not acceptable in the absence of the other.

Proof of the source of funds is required under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer will need to have this information on record. Your Walthamstow Village conveyancing practitioner will require evidence of proof of funds prior to accepting any money from you into their client account and they will also ask further queries regarding the origin of monies.

Me and my brother purchased a semi-detached Georgian property in Walthamstow Village. Conveyancing lawyer acted for me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Walthamstow Village and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing lawyer who conducted the work.

I have been on the look out for a leasehold apartment up to £305k and found one round the corner in Walthamstow Village I like with open areas and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Walthamstow Village suitable, so just wondered if I would be making a grave error buying a short lease?

If you require a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.

Is it possible to change firm as I have to appoint a firm on the Chelsea Building Society conveyancing panel. I instructed a high street conveyancing solicitor in Walthamstow Village round the corner but he is not approved by Chelsea Building Society

It would be our pleasure to help you select a conveyancing solicitor in Walthamstow Village on the Chelsea Building Society panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Walthamstow Village. In making use of the find a conveyancing solicitor tool on this page, you can scrutinise fees for conveyancing solicitors in Walthamstow Village and beyond.

I am using a search engine for the term on line conveyancing in Walthamstow Village it shows results of many solicitorslocally. How do I determine which is the right conveyancer for the sale of my house?

The preferential way of choosing a suitable conveyancer is via trusted recommendation, so seek the opinion of colleagues and those you trust who have bought a property in Walthamstow Village or the local estate agent or mortgage broker. Fees for conveyancing in Walthamstow Village differ, so it's advisable to request at least four costs illustrations from varying types of companies. Dont forget to clarify that the fees are fixed.