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

To satisfy the Money Laundering Regulations any Crowland conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing where you live.

In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to investigate not only the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this may lead to your solicitor cancelling their retainer 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 inform the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.

This question may be naive but I am unexperienced as FTB of a ground floor flat in Crowland.Do I receive the keys to the house on completion from my conveyancer? If so, I will find a High Street conveyancing solicitor in Crowland?

On the day of completion you will not be required to attend the conveyancers office in Crowland. Your solicitors will electronically transfer the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you will be invited to collect the keys from the property Agents and move into your new home. Usually this occurs early afternoon.

I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Crowland is the location of the property. What do you suggest?

Flying freeholds in Crowland are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crowland you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crowland may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.