What does my ID and proof of funds have anything to do with my conveyancing in Euston? Why is this being asked of me?

To satisfy the Money Laundering Regulations any Euston conveyancing firm will require proof of identity in all conveyancing transactions. This is usually satisfied by provision of a passport and an original bank statement or utility account showing your correct address.

Under Money Laundering Regulations, conveyancers are required to ascertain not just the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this may lead to your conveyancer terminating 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 consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.

Have completed on a a terraced house in Euston , What is the estimated time for the Land Registry to record my proprietorship? My Euston conveyancing solicitor has been painfully slow, so I want to be sure the registration is dealt with.

There is nothing unique when it comes to conveyancing in Euston registration formalities. As opposed to being determined by geographic area, timescales can differ depending on who lodges the application, whether it is in order and if the Land registry communicate with any other persons or bodies. As of today roughly three quarters of such applications are completed within two weeks but some can be subject to longer hold-ups. Registration takes place once the purchaser is living at the premises so post completion formalities is not always top priority yet where it is urgent that the the registration takes place urgently then you or your conveyancer must contact the land registry and explain the circumstances.

I'm refinancing my existing house to a BTL mortgage with Aldermore and intend to use the remaining equity as a deposit on another house. The neighborhood we are interested in is Euston. Will your conveyancers be able to act for both sets of banks and tie in the two deals?

Make use of our comparison tool on this page to ensure that the conveyancers are on the appropriate lender panels. Having checked that they are your conveyancer should be able to simultaneously deal with the two deals but you should talk with you solicitor and specify your desired outcome and requirements.

As co-executor for the will of my uncle I am disposing of a property in Cardiff but reside in Euston. My lawyer (based 235 kilometers awayneeds me to execute a stat dec prior to completion. Can you recommend a conveyancing practitioner in Euston who can attest and place their company stamp on the document?

strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are based in Euston

I am looking at a couple of apartments in Euston which have approximately 50 years remaining on the leases. Do I need to be concerned?

There are plenty of short leases in Euston. The lease is a right to use the property for a prescribed time frame. As the lease gets shorter the value of the lease reduces and it becomes more expensive to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field.

I own a ground floor flat in Euston, conveyancing was carried out 7 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Euston with an extended lease are worth £176,000. The ground rent is £50 levied per year. The lease finishes on 21st October 2105

With only 80 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 plus legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.