In what way does my ID and proof of funds have anything to do with my conveyancing in Basingstoke? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you are required to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to supply identification documents, your solicitor can not take you on as a client.
We are planning on selling our property in Basingstoke and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street Basingstoke lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a factory type conveyancing firm rather than a conveyancing solicitor in Basingstoke. We have lived in Basingstoke for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I completed on my house on 3 July and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Basingstoke advises it will be dealt with in a couple of weeks. Are properties in Basingstoke uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Basingstoke registration formalities. Rather than based on location, timeframes can differ subject to who lodges the application, whether it is in order and if the Land registry communicate with any interested parties. At present roughly three quarters of such applications are completed within two weeks but some can be subject to protracted hold-ups. Registration occurs once the purchaser is living at the premises so an expedited registration is not always an essential issue yet if there is a degree of urgency associated with the registration then you or your lawyers should contact the land registry and explain the circumstances.
I am buying a new build flat in Basingstoke. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Basingstoke
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
My husband and I are new on the property ladder - had an offer accepted, yet the property agent told us that the owners will only issue a contract if we use their recommended conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a local solicitor used to conveyancing in Basingstoke
We suspect that the owner is unaware of this demand. Should the vendor desire ‘a quick sale', taking such a hostile approach to a serious purchaser is likely to cause more damage than good. Contact the sellers directly and make sure they understand (a)you are keen to buy (b)you are ready to progress, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you are going to instruct your preferred Basingstoke conveyancing lawyers - not the ones that will earn their negotiator at the agency a introducer fee or achieve conveyancing targets set by HQ.
Due to complete next month on a garden flat in Basingstoke. Conveyancing solicitors have said that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Basingstoke should include some of the following:
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Whether your lease has a provision for a slush fund? Setting out your legal entitlements in respect of common areas in the building.For instance, does the lease include a right of way over a path or staircase? Ground rent - what is payable and when is collected, and be on notice if this is subject to change What options are available to the landlord where you breach a clause of your lease?
Basingstoke Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
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It would be a good idea to enquire if there are any onerous prohibitions in the lease. For instance it is fairly common in Basingstoke leases that pets are not permitted in certain buildings in Basingstoke. If you like the propertyin Basingstoke yet your cat is not allowed to make the move with you then you will be presented with a hard determination. Many Basingstoke leasehold apartments will be liable to pay a service charge for maintenance of the block set on behalf of the freeholder. Should you purchase the apartment you will have to pay this amount, usually in instalments accross the year. This can be anything from a few hundred pounds to thousands of pounds for bigger purpose-built blocks. In all likelihood there will be a rentcharge for you to pay yearly, this is usually not a large sum, say around £25-£75 but you need to check it because sometimes it can be many hundreds of pounds. Is there a share of the freehold?