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

Swiss Cottage conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to verify the ID of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients are required to provide two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement no more than three months).

Confirmation of the origin of funds is also necessary under the money laundering statutes as lawyers are required to ensure that the monies you are using to buy a property (be it the exchange deposit or the total purchase price where you are buying without a mortgage) has come from an acceptable source (such as employment savings) rather than the product of illegitimate behaviour.

What is the difference between a licensed conveyancer and conveyancing solicitor in Swiss Cottage

Two types of professional can carry out conveyancing in Swiss Cottage namely CLC regulated conveyancers or solicitors. The two can handle conveyancing services that required to complete the sale or acquisition of property. They are both obliged to conduct Swiss Cottage conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be properly conducted and that all requisite steps will be suitably taken.

I just acquired a house at auction in Swiss Cottage. Conveyancing is required. What are my next steps?

Having to in every practical sense signed on the dotted line you must appoint a conveyancing practitioner as a matter of urgency as you now have a tight a drop dead date to complete the conveyancing. An auction property will ordinarily have a bespoke auction set of papers. This should include most,if not all of the documents that your solicitor will need. In the case of leasehold property the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You must hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that you have funds in order to complete the transaction on the set completion date.

I am expecting a OIP from Nottingham this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nottingham recommend any Swiss Cottage solicitors on the Nottingham conveyancing panel, or is it better to go independently?

You will need to appoint Swiss Cottage solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.

I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Swiss Cottage I like with open areas and railway links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Swiss Cottage suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you need a home loan the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.

In what way can the Landlord & Tenant Act 1954 impact my commercial property in Swiss Cottage and how can your lawyers assist?

The 1954 Act provides security of tenure to commercial leaseholders, giving them the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and assist with commercial conveyancing in Swiss Cottage

In my capacity as executor for the will of my aunt I am selling a property in Swansea but I am based in Swiss Cottage. My conveyancer (based 250 miles from meneeds me to execute a stat dec ahead of completion. Can you recommend a conveyancing solicitor in Swiss Cottage who can attest and place their company stamp on the document?

Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are located in Swiss Cottage