In what way does my ID and proof of funds have anything to do with my conveyancing in Berkshire? What am I being asked for?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Berkshire. However these days you will not be able to complete any conveyancing process if you have not submitting evidence of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are providing your driving licence as proof of identification it needs to be both the paper element and photo card part, one is not acceptable without the other.
Verification of your source of money is necessary under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer must retain this information on file. Your Berkshire conveyancing practitioner will require evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional queries concerning the origin of funds.
I am buying my first flat in Berkshire with the aid of help to buy. The sellers refused to move on the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not reveal to my conveyancer about the side-deal as it would jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Berkshire is where the house is located. What do you suggest?
Flying freeholds in Berkshire are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Berkshire you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Berkshire may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am selling my home. My previous conveyancers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Berkshire if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Berkshire. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I am thinking of appointing a conveyancing practitioner in Berkshire for my house move. Is there any facility to check a solicitor's complaints history with the profession’s regulator?
Anyone can review presented Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after Jan 2008. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.
Estate agents have just been given the go-ahead to market my garden apartment in Berkshire. Conveyancing solicitors are to be appointed soon, but I have recently received a half-yearly maintenance charge demand – Do I pay up?
It best that you discharge the invoice as normal as all ground rent and service payments will be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies 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. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a leasehold flat in Berkshire, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Berkshire with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease ends on 21st October 2085
With just 59 years unexpired we estimate the premium for your lease extension to be between £20,900 and £24,200 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.