What does my ID and proof of funds have anything to do with my conveyancing in Foots Cray? What am I being asked for?
Foots Cray conveyancing solicitors and indeed property practitioners accross the UK have a duty under money laundering regulations to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Evidence of source of funds is also necessary in compliance with the money laundering statutes as conveyancers are duty bound to ensure that the funds you are using to purchase a property (whether it be the deposit for exchange or the total purchase amount where you are a cash purchaser) has come from a reputable source (such as employment savings) rather than the fruits of criminal activity.
My property lawyer in Foots Cray has never been on on the Conveyancing Panel. Can I still use my prefered solicitor even though they are not on the list of approved lawyers?
Your options are as follows:
- Carry on with your existing Foots Cray lawyers but will need to use a lawyer on their list of acceptable firms. This will result in additional total legal fees and result in frustration.
- Find an alternative practitioner to act in the purchase, obviously checking they are on the panel
About to purchase a new build apartment in Foots Cray. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Foots Cray
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
Foots Cray Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to buying
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Who manages the block?
Be sure to discover if there is anything that is prohibited in the lease. By way of example plenty of leases prohibit pets being allowed in certain buildings in Foots Cray. If you love the flatin Foots Cray however your dog is not allowed to move with you then you will be presented with a hard compromise.
I bought a house in Foots Cray last and to date it is still not recorded with the Land Registry. It was part of a development site and my told me that it can take over a year to register. I have spoken with the Land Registry directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. What can I do?
Call your - if you are not getting sensible responses, look up their internal complaints process and amplify your problem to a Complaints Manager. Registrations for Foots Cray conveyancing are not known to be particularly slow.