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

In order to comply with Money Laundering Regulations any Audley conveyancing firm will require proof of identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility bill showing your correct address.

Under Money Laundering Regulations, conveyancing solicitors are required to check not simply the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this may result in your solicitor terminating 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 make a disclosure to the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.

I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Audley. My lender is Platform

Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/12/2024, the requirements read as follows :

Do I need to take out insurance to address the risk of chancel repairs when buying a property in Audley?

Unless a prior purchase of the house took place after 12 October 2013 you could take it that solicitors conducting conveyancing in Audley to continue to propose a a chancel search and or chancel repair liability policy.

Are there restrictive covenants that are commonly identified as part of conveyancing in Audley?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Audley. 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…’

I am buying a new build apartment in Audley. 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 are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Audley

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision.