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

Beddington conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to provide two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).

Confirmation of source of funds is also necessary under the money laundering regulations as lawyers are mandated to investigate that the money you are using to purchase a property (be it the exchange deposit or the total purchase price where you are a cash purchaser) has originated from legitimate source (such as an inheritance) rather than the proceeds of illegitimate behaviour.

We are selling our house in Beddington. Will the property lawyer need to be required to be on the Leeds Building Society conveyancing panel in order to deal with repayment of my mortgage?

Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.

What is the difference between a licensed conveyancer and conveyancing solicitor in Beddington

There are two types of lawyers who can carry out conveyancing in Beddington namely CLC regulated conveyancers or solicitors. The two can provide the legal services that you need to complete the disposal or purchase of property. They are both duty bound to handle Beddington conveyancing to the same standards and guidelines so you may be sure that your conveyancing will be properly administered and that the necessary procedures will be correctly attended to.

Is it the case that all Beddington CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing panel?

Some major lenders now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.

Is there a list of Coventry BS panel solicitors in Beddington on the Council of Mortgage Lender’s Website?

Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. A small selection of banks make their panel listings open the public online. If you are looking for a Beddington solicitor on the Coventry BS please make the most of our facility.

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

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

Can you offer any advice when it comes to choosing a Beddington conveyancing practice to carry out our lease extension conveyancing?

When appointing a conveyancer for lease extension works (regardless if they are a Beddington conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Beddington conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:

What volume of lease extensions has the firm completed in Beddington in the last twenty four months? How experienced is the practice with lease extension legislation?

Following years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Beddington. Can we issue an application to the Residential Property Tribunal Service?

Most definitely. We can put you in touch with a Beddington conveyancing firm who can help.

An example of a Lease Extension decision for a Beddington residence is Ground Floor Flat 14 Lodge Road in October 2013. the tribunal held that the price payable for the acquisition of the extended lease of the property should be £12,590 .00 This case affected 1 flat. The unexpired lease term was 69.46 years.