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

Winkleigh conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to provide two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).

Proof of the origin of monies is also required in compliance with the money laundering laws as lawyers are required to investigate that the money you are using to buy a property (be it the exchange deposit or the full purchase price if you are a cash purchaser) has originated from legitimate source (such as employment savings) and is not the proceeds of illegitimate behaviour.

My apartment in Winkleigh is up for sale and I have a purchaser. Will my property lawyer have to be on the Yorkshire BS conveyancing panel in order to deal with redeeming my mortgage?

Ordinarily, even if your lawyer is not on the Yorkshire BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.

I have justbeen informed that Stirling Law have closed. They carried out my conveyancing in Winkleigh for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?

The easiest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Winkleigh conveyancing specialists.

I'm purchasing a new build house in Winkleigh with a loan from TSB. The sellers would not budge the price so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not disclose to my conveyancer about the deal as it will put at risk my mortgage with TSB. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder 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 am looking for a flat up to £245,000 and identified one near me in Winkleigh I like with open areas and station nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Winkleigh suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you require a home loan the shortness of the lease will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.