What does my ID and proof of funds have anything to do with my conveyancing in Abbey Wood? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Abbey Wood. Nowadays you can not proceed with any conveyancing process in the absence handing over evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper part and photo card part, one is not satisfactory without the other.
Proof of the source of monies is mandated in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer will need to have this information on file. Your Abbey Wood conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask further queries regarding the origin of monies.
I am purchasing a property and the lawyer has raised the issue of Chancel Repair for which the house could be liable as it falls into the area of such a church. She has suggested insurance. Is this really appropriate for conveyancing in Abbey Wood
Unless a previous acquisition of the premises took place post 12 October 2013 you could take it that solicitors carrying out conveyancing in Abbey Wood to continue to propose a a chancel search and or insurance against a claim.
Me and my brother purchased a semi-detached Victorian house in Abbey Wood. Conveyancing solicitor acted for me and Leeds Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to 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 Abbey Wood and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing solicitor who conducted the work.
How does conveyancing in Abbey Wood differ for new build properties?
Most buyers of new build property in Abbey Wood approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Abbey Wood tend to acquire the land, 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 accustomed to new build conveyancing in Abbey Wood or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Abbey Wood before retaining solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend not grant a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you e-mail us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Abbey Wood. Conveyancing may be slightly more expensive based on your lender's requirements.
I have just started marketing my garden apartment in Abbey Wood. Conveyancing has not commenced, however I have recently had a quarterly service charge invoice – what should I do?
It best that you clear the maintenance contribution as normal given that all ground rent and service invoices will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Abbey Wood conveyancing firm to assist?
Most definitely. We can put you in touch with a Abbey Wood conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Abbey Wood flat is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case related to 13 flats. The unexpired term as at the valuation date was 76 years.