What does my ID and proof of funds have anything to do with my conveyancing in Barmouth? What am I being asked for?
In order to comply with Money Laundering Regulations any Barmouth conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancers are obliged by law to investigate not just the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer ending their relationship 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 appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
My property lawyer in Barmouth is not on the Bank of Ireland Solicitor Panel. Can I still use my family solicitor even though they are excluded from the Bank of Ireland panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your existing Barmouth lawyers but Bank of Ireland will need to retain a lawyer on their panel. This will result in additional overall legal fees and cause frustration.
- Get a new solicitor to act in the purchase, obviously checking they are on the Bank of Ireland panel
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Barmouth is the location of the property. Can you offer any advice?
Flying freeholds in Barmouth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Barmouth you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Barmouth 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 Barmouth cover?
Barmouth conveyancing for business premises incorporates a wide range of services, given by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies 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 leases.
Is planning consent necessary to split a house into multiple appartments in Barmouth? This has taken place to a house opposite to a relative in Barmouth and was unaware of the conversion until the works were finished.
Planning Permission yes. Building Reg Approval yes.