I am expecting a offer of a home loan from Nat West. My intention is to retain the legal services of a Licensed Conveyancer in Trafford Park. Does the Nat West Conveyancing panel exclude conveyancers regulated by the CLC?

The Nat West conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

Our lawyer has identified a a problem with the lease for the property we are buying in Trafford Park. The other side have put forward defective title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer has advised that he must be satisfied that the lender is happy with this solution. Who is the client here, us or the lender?

The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancing practitioner will have no choice but to discontinue acting for you.

In what way does my ID and proof of funds have anything to do with my conveyancing in Trafford Park? Is this really necessary?

Trafford Park conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under money laundering regulations to check the identity of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to disclose two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).

Confirmation of the origin of funds is also required in accordance with the money laundering statutes as lawyers are obliged to ensure that the funds you are using to buy a property (be it the exchange deposit or the total purchase amount if you are buying mortgage free) has originated from an acceptable source (such as employment savings) as opposed to the fruits of criminal behaviour.

Just had an offer accepted on a new build flat in Trafford Park. Conveyancing is daunting 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.

Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Trafford Park

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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.

What does commercial conveyancing in Trafford Park cover?

Commercial conveyancing in Trafford Park covers a wide array of services, provided by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases 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 tenancies.