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

In order to comply with Money Laundering Regulations any Harleston conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing where you reside.

In accordance with Money Laundering Regulations, conveyancing solicitors are required to investigate not only the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers will have an obligation to make a disclosure to the appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.

We hope to to buy with Loughborough BS. I popped in a few high street solicitors yet am unable to find a Harleston conveyancing firm on the Loughborough BS panel. Could you help?

Feel free to take advantage of the search tool on this web page. Pick the mortgage company and type Harleston or your location and you will see a number of lawyer located in Harleston or near you.

Is it necessary to pay for insurance to cover chancel repairs when buying a house in Harleston?

Unless a previous acquisition of the property took place post 12 October 2013 you can assume that conveyancing practitioners delivering conveyancing in Harleston to remain recommending a chancel search and or insurance against a claim.

I've recently bought a leasehold property in Harleston. Do I have any liability for service charges for periods before completion of my purchase?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Harleston Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying

How is the lease structured? For many Harleston leaseholds the cost for major works are not included within maintenance charges, albeit that some managing agents in Harleston require tenants to pay into a sinking fund created for the specific intention of building a fund for major works. Who are the managing agents?

Me and my partner are purchasing a four bedroom housein Harleston with a mortgage from a mortgage company. We have a solicitor in Harleston however our bank inform us now that she’s not on their "panel". It seems we have little choice but to instruct from the our lender panel firms or keep our Harleston solicitor and pay for one of their panel ones to represent our bank. We feel as though this is unjust; is there anything we can do?

Unfortunately,no. The bank mortgage offered to you is subject to its terms and conditions, one of which will be that solicitors will on the mortgage company's conveyancing panel. Until recently, most mortgage companies had open panels, including many conveyancing solicitors in Harleston : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your lender.