Me and my partner are about to complete on the purchase of a property in Wolstanton but as a consequence of wreckage from some water damage at the property I have managed to agree reparation from the owner in the sum of £3k by way of a deduction in the price. This was going to be addressed as part of amending the contract however Aldermore will not agree to this. Why were they informed?

Your property lawyer that is on a Aldermore approved list is obliged to advise Aldermore of any variations to the sale price. If you prohibit your conveyancer to report the reduction to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new conveyancing practitioner for your conveyancing in Wolstanton.

What does my ID and proof of funds have anything to do with my conveyancing in Wolstanton? Is this really warranted?

Wolstanton conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under money laundering regulations to check the identity of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to produce two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Bank Statement less than 3 months old).

Proof of source of monies is also required in compliance with the money laundering regulations as lawyers have a duty to ensure that the monies you are using to acquire a property (be it the exchange deposit or the total purchase price if you are buying without a mortgage) has come from an acceptable source (such as an inheritance) and is not the product of illegitimate activity.

I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Wolstanton is the location of the property. What do you suggest?

Flying freeholds in Wolstanton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wolstanton you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wolstanton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

In what way can the Landlord & Tenant Act 1954 impact my commercial property in Wolstanton and how can your lawyers assist?

The particular law that you refer to affords protection to business leaseholders, granting the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Wolstanton

Is it best to choose a Wolstanton conveyancing solicitor based in the location that I am purchasing? An old friend can deal with the conveyancing however they are based 400kilometers away.

The benefit of a local Wolstanton conveyancing firm is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were impressed that must trump using an unfamiliar Wolstanton conveyancing lawyer solely due to them being Wolstanton based.