What does my ID and proof of funds have anything to do with my conveyancing in Christchurch? Is this really necessary?
It is indeed that case that these requests have nothing to do with conveyancing in Christchurch. Nowadays you will not be able to proceed with any conveyancing process if you have not providing proof of your identity. Ordinarily this 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 ID it needs to be both the paper part as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of your source of monies is required in accordance with the 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 Christchurch conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask further questions regarding the source of funds.
I have been told that property searches are the main reason for obstruction in Christchurch conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Christchurch.
What tools are available to identify a Christchurch solicitor on the Bank of Scotland conveyancing panel? I drive a motor bike and am willing to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the facility on this page. Please pick a mortgage company and your location and you will see a number of Christchurch conveyancing lawyers based on proximity. We have listed some Christchurch conveyancing firms towards the end of this page and you can ring them to verify whether they are on the Bank of Scotland member panel
As co-executor for the will of my uncle I am disposing of a house in Cardiff but reside in Christchurch. My solicitor (based 235 kilometers awayrequires that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing practitioner in Christchurch who can attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are based in Christchurch
I am employed by a long established estate agent office in Christchurch where we see a few flat sales put at risk due to short leases. I have been given contradictory information from local Christchurch conveyancing solicitors. Please can you clarify whether the vendor of a flat can instigate the lease extension process for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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 buyer.
I bought a split level flat in Christchurch, conveyancing formalities finalised in 1998. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Christchurch with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease terminates on 21st October 2091
With only 66 years unexpired we estimate the price of your lease extension to be between £12,400 and £14,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
I have recently had an offer accepted on a leasehold flat in Christchurch and the mortgage adviser that we are dealing with recommended his lawyer. He quoted nine hundred pounds including VAT and 3rd party costs. Does this sound expensive?
Don't just go on 1 estimate. One should obtain like-for-like quotes for your conveyancing in Christchurch. Then select one that you trust and crucially, is on the approved list of the bank that you have applied for a mortgage from.