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

Nettleham conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under money laundering regulations to check the identity of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to produce two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).

Confirmation of source of monies is also required under the money laundering laws as solicitors are obliged to investigate that the monies you are utilising to acquire a property (whether it be the deposit for exchange or the full purchase price if you are a cash purchaser) has come from a reputable source (such as an inheritance) rather than the proceeds of criminal activity.

My wife and I have a terraced Edwardian property in Nettleham. Conveyancing solicitor represented me and Britannia. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the exact same address. Is it worth asking Britannia to clarify?

You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Nettleham and other locations in 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 lenders. You can also check the situation with your conveyancing practitioner who carried out the work.

How does conveyancing in Nettleham differ for newly converted properties?

Most buyers of new build property in Nettleham approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because developers in Nettleham typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Nettleham or who has acted in the same development.

We're new on the property ladder - had an offer accepted, yet the property agent told us that the owners will only proceed if we appoint their recommended conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Nettleham

We suspect that the owner is unaware of this demand. If they want ‘a quick sale', alienating a serious purchaser is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Nettleham conveyancing solicitors - not the ones that will earn the negotiator at the agency a kickback or hit his conveyancing thresholds pre-set by senior management.

Are you able to clarify the spectrum of conveyancing offered by Nettleham conveyancing practices?

Almost all Nettleham conveyancing companies tend to offer a broad array of services to home and land proprietors, vendors, purchasers, landlords and leaseholders and you can expect them to offer expert advice on some of the following services:

Residential sale conveyancing in Nettleham and across the country House purchase conveyancing in Nettleham and throughout England and Wales Sale and purchase of shared ownership properties countrywide not isolated to Nettleham New Build Full and Part Exchange Planning permissions and restrictions Drafting and advising on leases and tenancy agreements