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

Consett conveyancing solicitors and indeed property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to supply two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement no more than three months).

Confirmation of the origin of monies is also necessary in compliance with the money laundering statutes as conveyancers are required to ensure that the money you are using to acquire a property (whether it be the deposit for exchange or the total purchase monies if you are buying mortgage free) has come from a reputable source (such as employment savings) rather than the proceeds of criminal behaviour.

I have been referred to a conveyancing solicitor in Consett. I I am struggling to find out whether they are accepted on the approved list of lawyers. Can you assist?

You should call your lawyer and enquire if they are on the lender panel. Alternatively you should call who may be able to confirm.

Have purchased a a terraced house in Consett , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Consett conveyancing solicitor works at snail pace, so I want to check that my name is registered.

As far as conveyancing in Consett is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can differ subject to the party submitting the application, whether it is in order and if the Land registry must send notices to any interested parties. At present approximately three quarters of submission are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration is effected after the buyer is living at the premises so 'speed' is not typically an essential issue yet if there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.

I have been on the look out for a ground for flat up to £305k and identified one close by in Consett I like with a park and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Consett for this price, so just wondered if I would be making a mistake buying a short lease?

Should you require a home loan that many years will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

My partner and I hope to buy our first home in Consett. Conveyancing practitioner already instructed. The broker advised that a survey is not necessary as the house was only constructed in 2001.

At the very least you should order a Home Buyer's Report. As the premises is more than 10 years old the property will be without a warranty, so you don't want to take a risk. Where a property of this age shows no signs of problems a Home Buyer's report may suffice. The report should highlight any apparent issues and recommend further investigation where relevant. If there are any indications of problems seek a comprehensive Building Survey from the beginning.