Me and my fiancee are buying our first property. The lawyer has calledto check if we want to purchase additional conveyancing searches. Unfortunately we are clueless as to what's recommended for conveyancing in St Columb
The number and type of St Columb conveyancing searches should be triggered based entirely on the property, the location, the probability of any of these risks, your knowledge of the area and risks, your overall approach to risk. What matters is that you adequately understand what information the searches could give you. Then you can make a decision if you personally think you need that search. If unclear, ask your solicitor to advise.
In what way does my ID and proof of funds have anything to do with my conveyancing in St Columb? What am I being asked for?
To satisfy the Money Laundering Regulations any St Columb conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.
In accordance with Money Laundering Regulations, property lawyers are duty bound to ascertain not just the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this will result in your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
My property lawyer in St Columb is not listed on the Bank of Ireland Solicitor Panel. Is it possible for me to continue with my prefered solicitor even though they are not on the Bank of Ireland approved list?
The limited options open to you here include:
- Carry on with your existing St Columb lawyers but Bank of Ireland will need to retain a solicitor on their list of acceptable firms. This will result in additional total legal charges and cause frustration.
- Find a new lawyer to to deal with the conveyancing, obviously checking they are Convince your solicitor to do everything within their powers to join the Bank of Ireland conveyancing panel
I know that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when purchasing a property in St Columb? or I am told that there is an ancient law that could mean that house owners living in a parish church boundary may be liable to contribute towards maintenance towards the chancel in proximity to the church. Is this appropriate for conveyancing in St Columb?
Unless a previous acquisition of the house took place post 12 October 2013 you could expect solicitors carrying out conveyancing in St Columb to remain recommending a chancel search and or insurance against a claim.
Me and my brother own a semi-detached Victorian house in St Columb. Conveyancing practitioner represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in St Columb and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with your conveyancing lawyer who conducted the purchase.