Our Commercial Property Team offers specialist advice on all aspects of commercial property, and currently represents several local builders and developers as well as many landlords. Our work involves advising and assisting with the following:-
- sale and purchase of land for development
- planning law
- sales and purchase of building plots
- joint ventures
- conditional contracts and options
- commercial leases
- domestic leases and tenancies
- agricultural leases
- rent reviews
We do not adopt a ‘one size fits all approach’ since we recognise that every individual and each business requires specialist advice tailored to their own specific needs. We are committed to assisting you with every aspect of your business needs.
We are confident that the costs we charge for our services are extremely competitive. We will be happy to give you an indication of the likely costs to be incurred in your matter.
Proof of Funds
In order to comply with our regulatory obligations, we are required to obtain from you proof of funds whether that be for your deposit or as a cash buyer. Proving your source of funds for your target property is the most important task in the conveyancing process, without which, your purchase cannot proceed. There are large sums of money changing hands in the conveyancing sector making this an area of law heavily attacked by fraudsters.
We cannot by law proceed without knowing the source of your funds. This is to limit the potential for fraud, protecting the solicitor, the legal sector and most importantly, the buyer. For sellers who unknowingly receive the proceeds of crime, the risk is also high given that those funds could be seized at any time, leaving them without the property or the proceeds thereof.
The challenge for you as the buyer, is that solicitors have varying protocols in respect of Anti-Money Laundering Checks regarding proving the source of your funds. Please understand that we have to do these checks in order to receive the money and as that you work with us, providing as much information as possible.
We use a company called Armalytix to conduct your digital source of funds and account verification check, as we believe this is the safest, most efficient way for you to satisfy this step of the purchase process. This will save you the time and effort that it would usually take, collating bank statements manually and give you the peace of mind that you don't have to email them to us. The charge for this service is £18.00 per person (including VAT).
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