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

In order to comply with Money Laundering Regulations any Wallasey conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you live.

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

Your property lawyers are duty bound to notify the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.

What is the difference between a licensed conveyancer and conveyancing solicitor in Wallasey

There are many recorded licenced Conveyancers in Wallasey and Solicitor partnerships in Wallasey to choose from It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in transferring property. They may both also conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

When it comes to lenders such as Kent Reliance, do Wallasey lawyers face a fee to be on the list of approved solicitors?

We are unaware of any mortgage company fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.

I recently had an offer accepted on a house in Wallasey. My financial adviser pressured me to appoint their solicitor. I paid an on account payment of £200. A couple of days later, the property lawyer contacted me sheepishly admitting that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

Should our lawyer be raising questions regarding flooding as part of the conveyancing in Wallasey.

Flooding is a growing risk for solicitors dealing with homes in Wallasey. There are those who acquire a house in Wallasey, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Conveyancers are not best placed to impart advice on flood risk, however there are a numerous checks that can be carried out by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in Wallasey. The standard property information forms sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual question of the vendor to find out whether the premises has suffered from flooding. In the event that flooding has previously occurred which is not disclosed by the vendor, then a purchaser may commence a claim for damages resulting from an inaccurate reply. A purchaser’s conveyancers should also conduct an environmental report. This will disclose if there is any known flood risk. If so, additional inquiries will need to be initiated.

All being well we will complete the disposal of our £325,000 garden flat in Wallasey next Thursday. The managing agents has quoted £300 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Wallasey?

Wallasey conveyancing on leasehold flats often necessitates the buyer’s conveyancer submitting enquiries for the landlord to address. Although the landlord is not legally bound to answer such questions the majority will be willing to assist. They are entitled to charge a reasonable charge for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The administration charge demanded by the landlord must be accompanied by a synopsis of entitlements and obligations in relation to administration charges, without which the invoice is technically not due. Reality however dictates that you have no option but to pay whatever is demanded should you wish to sell the property.

Wallasey Leasehold Conveyancing - Examples of Queries Prior to buying

How long is the Lease? This information is helpful as a) areas may result in problems in the block as the common areas may begin to deteriorate where maintenance are not paid for b) if the tenants have a dispute with the running of the building you will need to know about it It is important to be aware if a new roof is being put on or some other significant cost is anticipated that will be shared between the leasehold owners and could well dramatically increase the the maintenance fees or require a specific payment.

Do online conveyancing companies do everything a high street Wallasey solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Wallasey?

If you choose an online conveyancer they should undertake all the tasks your Wallasey solicitor will cover.