In what way does my ID and proof of funds have anything to do with my conveyancing in Winton? What am I being asked for?

Winton conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).

Proof of source of monies is also necessary under the money laundering regulations as solicitors have a duty to check that the monies you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase monies where you are a cash purchaser) has come from legitimate source (such as employment savings) rather than the fruits of criminal behaviour.

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

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Winton. 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…’

How does conveyancing in Winton differ for new build properties?

Most buyers of new build premises in Winton approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Winton usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Winton or who has acted in the same development.

How difficult is it to change solicitor as I have to select one who is on the Bank of Ireland conveyancing list. I had appointed a high street conveyancing solicitor in Winton round the corner but she is not approved by Bank of Ireland

It would be our pleasure to assist you find a conveyancing solicitor in Winton on the Bank of Ireland panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Winton. In making use of search facility on this site, you can contrast fees for conveyancing solicitors in Winton and throughout England and Wales.

I've recently bought a leasehold house in Winton. Do I have any liability for service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Winton Leasehold Conveyancing - Sample of Questions you should consider before Purchasing

How much is the service charge and ground rent on the apartment? On the whole the outlay for major works are not wrapped into the service charges, albeit that a few managing agents in Winton ask tenants to pay into a reserve fund created for the specific purpose of building a fund for major repairs or maintenance. Who are the managing agents?