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

In order to comply with Money Laundering Regulations any Peterlee conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account showing your correct address.

Under Money Laundering Regulations, conveyancing solicitors are duty bound to investigate not only the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

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

Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial estate in Peterlee?

Many commercial conveyancing solicitors in Peterlee will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Peterlee. The search result sets out 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 Peterlee.

For each commercial conveyancing transaction in Peterlee it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can result in delays to Peterlee commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Peterlee.

I am purchasing my first flat in Peterlee with a mortgage from Nationwide Building Society. The builders would not reduce the price so I negotiated £7000 of additionals instead. The sale representative suggested that I not reveal to my conveyancer about this side-deal as it may jeopardize my mortgage with Nationwide Building Society. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I decided to have a survey carried out on a house in Peterlee before retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some banks may not grant a mortgage on such a home.

It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Peterlee. Conveyancing may be slightly more expensive based on your lender's requirements.

We are in the process of buying a property in Peterlee. Conveyancing is not yet done but we wish to have our transaction price a secret from sites such as Zoopla. what can I do to make sure this is not noted?

HMLR as a matter of law bound to reveal price paid information on a register of the title for residential properties countrywide including homes in Peterlee. The Title Register is an open document, so HMLR would be breaching their statutory obligations if they did not grant access to the register.

You can make a request of HM Land Registry to hide the price paid data but the response will be a No.