In what way does my ID and proof of funds have anything to do with my conveyancing in Caerleon? Is this really necessary?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Client Care letter that you need to sign will no doubt stipulate this. Your lender will also require certain documents to be viewed. If you are unwilling to supply ID verification documents, your lawyer will not be able to take you on as a client.
Do commercial conveyancing searches reveal proposed roadworks that may impact a commercial property in Caerleon?
Its becoming the norm that commercial conveyancing solicitors in Caerleon will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Caerleon. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Caerleon.
For every commercial conveyancing transaction in Caerleon it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Caerleon commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Caerleon.
I have todaydiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Caerleon for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The easiest way to check if the property is registered to you, you can make 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 Caerleon conveyancing specialists.
Due to the guidance of my in-laws I had a survey completed on a house in Caerleon before instructing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some banks tend refuse to grant a loan on such a house.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can check 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 Caerleon. Conveyancing may be slightly more expensive based on your lender's requirements.
What are your top tips when it comes to choosing a Caerleon conveyancing firm to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Caerleon conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Caerleon conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
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What are the costs for lease extension conveyancing?
I invested in buying a garden flat in Caerleon, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Caerleon with a long lease are worth £165,000. The ground rent is £50 levied per year. The lease ends on 21st October 2102
With 77 years unexpired we estimate the price of your lease extension to be between £7,600 and £8,800 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. 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 should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
My wife and I are disposing of a Caerleon apartment left to us seven years ago in 2011. I have over ten years conveyancing knowledge and, although retired, intend to do my own legal work. The purchaser's solicitor has informed me that their building society will not allow us to do our own conveyancing insisting the funds to be released via a solicitor's bank account.
Lending requirements to property lawyers from all mainstream lenders specify that If the seller is not legally represented the buyer’s lawyers should check whether the bank needs to be told so that a decision can be made if they are willing to move forward.