In what way does my ID and proof of funds have anything to do with my conveyancing in Audlem? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Audlem. Nowadays you will not be able to proceed with any conveyancing process in the absence supplying proof of your identity. This usually takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are providing your driving licence as proof of identification it must be both the paper section as well as the photo card part, one is not sufficient without the other.
Proof of the origin of monies is necessary under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor will need to retain this information on record. Your Audlem conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask additional queries concerning the source of funds.
Our lender has recommended a law firm on their panel based in Audlem but I would rather instruct a conveyancing lawyer in Audlem or nearer to where I live. Are you able to help?
It is by no means the case that all Audlem conveyancing solicitors are on all lender’s conveyancing panel. Do make use of the above search tool to find a Audlem conveyancing firm on the on the lender panel.
I have justbecome aware that Arc property Solicitors have closed. They carried out my conveyancing in Audlem for a purchase of a freehold house 12 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Audlem conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a house in Audlem in advance of appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies may refuse to give a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you e-mail us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Audlem. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I best advised to use a Audlem conveyancing lawyer who is local to the property I am buying? I have an old university friend who can conduct the legal work but they are based 200kilometers drive away.
The benefit of a local Audlem conveyancing practice is that you can attend the office to sign paperwork, hand in your ID and apply pressure on them where appropriate. They will also have local intelligence which is a bonus. However it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and in the main were content that must outweigh using an unknown Audlem conveyancing lawyer solely due to them being based in the area.
I am employed by a long established estate agent office in Audlem where we have experienced a few flat sales put at risk as a result of short leases. I have been given inconsistent advice from local Audlem conveyancing firms. Could you confirm whether the vendor of a flat can commence the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in Audlem - A selection of Questions you should consider Prior to buying
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Plenty Audlem leasehold flats will incur a service charge for maintenance of the block levied on behalf of the landlord. Should you buy the flat you will have to meet this amount, normally in instalments during the year. This could be anything from a few hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent for you to pay yearly, ordinarily this is not a significant figure, say about £25-£75 but you need to enquire as sometimes it could be many hundreds of pounds. What restrictions are contained in the Audlem Lease? How many years are left on the lease?