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Recently asked questions about conveyancing in Hay On Wye

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

Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Client Care letter that you need to sign will no doubt stipulate this. Your lender will also require certain documents to be checked. Should you are unwilling to hand over identification documents, your conveyancer can not take you on as a client.

Will commercial conveyancing searches reveal planned roadworks that may affect a commercial land in Hay On Wye?

Its becoming the norm that commercial conveyancing solicitors in Hay On Wye will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Hay On Wye. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hay On Wye.

For every commercial conveyancing transaction in Hay On Wye it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Hay On Wye commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Hay On Wye.

My wife and I have a 4 bedroom Edwardian house in Hay On Wye. Conveyancing lawyer acted for me and Alliance & Leicester . I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?

You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hay On Wye and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing practitioner who conducted the purchase.

What does commercial conveyancing in Hay On Wye cover?

Commercial conveyancing in Hay On Wye incorporates a broad array of guidance, supplied by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment 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 loans and the termination of leases.

Me and my husband are selling a Hay On Wye house left to us 5 years ago in 2009. I have over 12 years conveyancing know-how and, now retired, see no reason not to carry out the conveyancing. The purchaser's conveyancer has informed me that their mortgage company will not allow us to do our own conveyancing as they require the funds to be sent to a solicitor's bank account.

Mortgage requirements to conveyancers from all CML members specify that If the vendor does not have legal representation the borrower's lawyers should check whether the lender needs to be told so that a decision can be made if they are prepared to proceed.

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Neighbouring Locations

Kington
Hay On Wye

Find out more about how flying freehold can affect your the value of a property.