Me and my partner are due to complete buying a property in Brinsworth but as a result of damage from the recent storms I have was able negotiate compensation from the vendor of £2k by way of a reduction in the price. This was going to be dealt with as part of amending the contract however Santander are not allowing this. Why were they approached?
Any conveyancer being on a Santander conveyancing panel is obliged to disclose to Santander of any amendments to the sale price. If you were to refuse your conveyancer to disclose the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new property lawyer for your conveyancing in Brinsworth.
In what way does my ID and proof of funds have anything to do with my conveyancing in Brinsworth? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Brinsworth. However these days you will not be able to complete any conveyancing transaction without first supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Remember if you are supplying your driving licence as proof of ID it needs to be both the paper part and photo card part, one is not satisfactory without the other.
Evidence of the source of funds is required under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer will need to retain this information on record. Your Brinsworth conveyancing practitioner will need to see evidence of proof of funds prior to accepting any money from you into their client account and they may also ask further questions regarding the source of monies.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Brinsworth?
At this site obtain a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Brinsworth. Unlike many estate agents and many comparison sites we are not in the business of charging firms a fee if you appoint them for your property ownership legalities in Brinsworth
In my capacity as executor for the estate of my father I am selling a property in Monmouth but I am based in Brinsworth. My conveyancer (based 250 miles awayrequires that I execute a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Brinsworth to witness this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are located in Brinsworth
Can you provide any advice for leasehold conveyancing in Brinsworth from the perspective of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Brinsworth can be bypassed if you get in touch lawyers the minute your agents start marketing the property and ask them to collate the leasehold documentation which will be required by the purchasers’ lawyers. A minority of Brinsworth leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors. You may think that you are aware of the number of years remaining on your lease but it would be advisable verify this via your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to where the remaining number of years is under 75 years. It is therefore essential at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. If you hold a share in a the freehold, you should make sure that you are holding the original share certificate. Obtaining a re-issued share certificate is often a time consuming process and slows down many a Brinsworth home move. Where a duplicate share certificate is needed, do contact the company officers or managing agents (if relevant) for this at the earliest opportunity.
I purchased a 1st floor flat in Brinsworth, conveyancing formalities finalised 3 years ago. How much will my lease extension cost? Similar properties in Brinsworth with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 yearly. The lease terminates on 21st October 2093
With 68 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
I am purchasing a maisonette with all finances in place. I have provided lawyer with 2 distinct forms of photographic identification, bank statement, multiple utility bills. Now he requires a copy from a probate lawyer acknowledging that the money is legitimate and that it has come from inheritance and not dealing E's in Ibiza.
In today’s world you will not be able to complete any Brinsworth conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Establishing of your source of funds is required under Money Laundering Regulations.