In what way does my ID and proof of funds have anything to do with my conveyancing in Llandaff? Is this really necessary?
Llandaff conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).
Confirmation of source of monies is also required under the money laundering regulations as conveyancers are obliged to check that the monies you are using to purchase a property (be it the exchange deposit or the total purchase monies if you are a cash purchaser) has come from legitimate source (such as employment savings) as opposed to the product of illegitimate behaviour.
My fiance and I are purchasing a newbuild flat in Llandaff with a homeloan from Santander.We have a Llandaff conveyancing practitioner but Santander says her practice is not listed on their approved list of member firms. we are left little option but to use a Santander panel lawyer or retain our local solicitor and fork out for a Santander panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Santander use our lawyer?
No, not really. The mortgage offered to you is subject to its terms and conditions, a common one being that solicitors must be on the Santander approved list. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Santander
I am buying a house and the lawyer has identified Chancel Repair for which the property may be obligated to pay as it falls into the area of such a church. He has mentioned insurance. Is this really necessary for conveyancing in Llandaff
Unless a prior acquisition of the house took place after 12 October 2013 you may take it that lawyers handling conveyancing in Llandaff to remain recommending a chancel search and or insurance against a claim.
I bought my house on 16 November and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Llandaff said it would be concluded in a couple of weeks. Are titles in Llandaff uniquely lengthy to register?
As far as conveyancing in Llandaff is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can adjust according to who lodges the application, whether it is in order and if the Land registry must send notices to any third parties. As of today approximately three quarters of submission are fully addressed within 12 days but occasionally there can be extensive hold-ups. Historically registration takes place after the purchaser is living at the premises so 'speed' is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers should speak with the land registry and explain the circumstances.
I have been sourcing a conveyancing solicitor in Llandaff for my home move. Can I check a firm’s record with the legal regulator?
You may find documented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The regulator may recorded call for training requirements.
I own a leasehold house in Llandaff. Conveyancing and Chelsea Building Society mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Llandaff who acted for me is not around. What should I do?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Llandaff conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a split level flat in Llandaff, conveyancing formalities finalised in 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Llandaff with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease comes to an end on 21st October 2093
With 67 years remaining on your lease we estimate the premium for your lease extension to span between £10,500 and £12,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.