What does my ID and proof of funds have anything to do with my conveyancing in Crawcrook and Ryton? Why is this being asked of me?
Crawcrook and Ryton conveyancing solicitors and indeed property lawyers throughout the UK have a duty under money laundering regulations to check the ID of any client in order 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 (typically a Bank Statement less than 3 months old).
Evidence of the origin of monies is also necessary under the money laundering laws as lawyers are obliged to ensure that the monies you are utilising to purchase a property (be it the exchange deposit or the total purchase price where you are a cash purchaser) has come from a reputable source (such as an inheritance) as opposed to the proceeds of illegitimate behaviour.
Please explain the implications if my solicitor is expelled from the Coventry BS Solicitor panel ahead of completing my conveyancing in Crawcrook and Ryton?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I require fast conveyancing in Crawcrook and Ryton as I have an ultimatum to exchange contracts inside one month. Thankfully I do not need a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are are a cash purchaser you have the choice not to do searches although no law firm would advise that you don't. Drawing on years of experience of conveyancing in Crawcrook and Ryton the following are instances of what can crop up and therefore impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
My company is wishing to lease a unit on the high street. Can you recommend lawyers offering competitive costs for commercial conveyancing in Crawcrook and Ryton for less than £2000?
We can recommend firms who have specialist knowledge of commercial conveyancing in Crawcrook and Ryton, including the sale and acquisition of businesses as well as simply premises. If you are hoping to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right solicitor. Regarding the fees this will depend on the structure and terms of the proposed transaction. Let us have your contact information or email us so that we may supply you with a detailed commercial conveyancing quote.
What is the difference between surveying and conveyancing in Crawcrook and Ryton?
Conveyancing - in Crawcrook and Ryton or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are intending to buy and will help you discover the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the seller to fix the defects prior to you move in.