What does my ID and proof of funds have anything to do with my conveyancing in Burford? Why is this being asked of me?

Burford conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill no more than three months).

Proof of source of funds is also required under the money laundering statutes as solicitors are mandated to investigate that the funds you are utilising to purchase a property (be it the exchange deposit or the total purchase amount if you are a cash purchaser) has come from a reputable source (such as employment savings) and is not the proceeds of illegitimate behaviour.

Have completed on a a detached house in Burford , how long should it take for the Land Registry to register the transfer to my name? My Burford conveyancing solicitor works at snail pace, so I want to be certain the land registry aspects are concluded.

There is nothing unique about conveyancing in Burford registration formalities. As opposed to being determined by geographic area, timeframes can differ subject to who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd parties. At present in the region of three quarters of submission are fully dealt with within 12 days but some can be subject to protracted delays. Registration is effected once the buyer has moved in to the property thus an expedited registration is not always top priority yet where there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Burford. Conveyancing is a frightening process 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 selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Burford

The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.

My uncle has suggested that I use his conveyancers in Burford. Should I use them?

There are no two ways about it the ideal way to choose a conveyancing lawyer is to seek referrals from friends or family who have actually previously instructed the conveyancer you're are thinking of instructing.

My intention is to purchase a ground floor flat in Burford. Conveyancing lawyer has been awaiting, from the vendor, building insurance documents. Earlier today I was advised that the seller must forward the insurance documents for the flat above in addition. Why would my property lawyer need to review the insurance for the other flat? Is it strictly necessary? We have been stalled for the last 3 weeks…

It is not unheard of in leasehold conveyancing in Burford to find Conveyancing in Burford in a minority of cases reveals that the lease obliges the tenant's to insure their individual flats rather than the freeholder insuring the complete premises - which is definitely better. Do contact your conveyancing practitioner but it would appear that your lawyer is seeking to verify that the complete building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the other flat cannot be rebuilt due to lack of insurance.