What does my ID and proof of funds have anything to do with my conveyancing in Wotton under Edge? Is this really necessary?
To satisfy the Money Laundering Regulations any Wotton under Edge conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing where you live.
Under Money Laundering Regulations, property lawyers are required to validate not simply the identity of conveyancing clients but also the source of monies that they receive in respect of any matter. An unwillingness to disclose this may result in your lawyer ending 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 inform the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Wotton under Edge is the location of the property. Can you offer any opinion?
Flying freeholds in Wotton under Edge are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wotton under Edge you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wotton under Edge may ascertain 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 residence.
What does commercial conveyancing in Wotton under Edge cover?
Commercial conveyancing in Wotton under Edge incorporates a wide range of advice, provided by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My partner has recommend that I use his conveyancing solicitors in Wotton under Edge. Do I take his advice?
Much as we are happy to recommend a Wotton under Edge conveyancing lawyer the ideal way to choose a conveyancing solicitor is to get recommendations from friends or relatives who have experience in using the firm that you are are thinking of instructing.
What if there is an issue with the searches carried out as part of our conveyancing in Wotton under Edge?
Ordinarily, most problems arising from Wotton under Edge conveyancing search results can be addressed before completion or title insurance can be obtained. It is crucial to note that regardless of the fact that you are buying the property and may be content to live with the search results, your building society or bank may not, and ultimately have the final decision.