Can you help? My Seaton lawyer is advising me that he has toorder Seaton conveyancing searches asthe firm are on the Nat Westsolicitor panel. These Seaton checks cost a lot of money can this be avoided?

You have limited options available to you. Given that you are taking out a loan with a lender your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancing practitioner would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the CML Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Seaton conveyancing searches.

In what way does my ID and proof of funds have anything to do with my conveyancing in Seaton? Why is this being asked of me?

Seaton conveyancing solicitors and indeed property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to satisfy themselves that clients are who they say they are.

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

Proof of source of funds is also required under the money laundering regulations as solicitors are required to ensure that the funds you are using to buy a property (whether it be the deposit for exchange or the total purchase amount if you are buying without a mortgage) has originated from legitimate source (such as employment savings) rather than the product of criminal behaviour.

What does commercial conveyancing in Seaton cover?

Seaton conveyancing for business premises incorporates a broad range of advice, given by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies 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.

Do you have any advice for leasehold conveyancing in Seaton from the perspective of saving time on the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Seaton can be reduced if you instruct lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold information needed by the purchasers’ representatives.
If you hold a share in a the Management Company, you should ensure that you have the original share document. Organising a re-issued share certificate is often a time consuming process and delays many a Seaton conveyancing transaction. If a duplicate share is necessary, you should approach the company officers or managing agents (where relevant) for this sooner rather than later. If you have had any disputes with your freeholder or managing agents it is essential that these are resolved prior to the flat being marketed. The buyers and their solicitors will be reluctant to purchase a flat where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is better to reveal the dispute as historic rather than unresolved. You may think that you are aware of the number of years left on your lease but it would be wise to verify this by asking your solicitors. A purchaser's conveyancer will not be happy to advise their client to where the lease term is less than 75 years. In the circumstances it is important at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. The majority of freeholders or managing agents in Seaton charge for providing management packs for a leasehold property. You or your lawyers should discover the actual amount of the charges. The management information can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most common reason for delay in leasehold conveyancing in Seaton.

Leasehold Conveyancing in Seaton - A selection of Questions you should consider Prior to buying

It is important to be aware whether window replacement or some other major work is due in the foreseeable future to be shared between the leaseholders and will dramatically increase the the service charges or result in a specific invoice. Its a good idea to discover as much as you can regarding the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day issues like the cleanliness of the communal areas. You should not be afraid to ask prospective neighbours if they are happy with their service. Finally, be sure you understand the dates that you are obliged pay the maintenance charge to the appropriate party and precisely what it includes. Does the lease have in excess of 82 years remaining?

How do I search for a Seaton conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 10miles to meet the conveyancer.

Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Seaton and you will see a number of lawyer located nearest Seaton. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.