How do I find the right lawyer who can supply a 1st class service for our conveyancing in Claydon?
First ask relatives who they used in the past and if they were happy with the service.
Second, search the internet for conveyancing in Claydon. Ring a couple or more firms listed and invite them to send you their conveyancing costs illustrations and speak to the lawyer who will oversee your legal process ahead ofmaking your decision.
Third is to make use of this site to assist you in finding the right lawyers for you based on your individual factors including the type of property,deadlines, complexity and who your intended lender is. Do not be fooled by £100 conveyancing in Claydon
In what way does my ID and proof of funds have anything to do with my conveyancing in Claydon? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Claydon. However these days you can not proceed with any conveyancing deal without first handing over evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper element as well as the photo card part, one is not sufficient in the absence of the other.
Verification of your origin of money is mandated in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor must retain this information on file. Your Claydon 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 further questions concerning the origin of funds.
I had intended to instruct a conveyancing solicitor in Claydon for our house purchase. Our broker informed us that our mortgage lenders HSBC Bank won't deal with them. Why is this not regarded as unduly restrictive?
Mortgage Companies normally restrict either the category or the number of conveyancing practices on their approved list of lawyers. A common example of such criteria being that a law practice must have two or more partners. As well as restricting the profile of firm, a few lenders have decided to limit the number of solicitor practices they use to represent them. Be aware that HSBC Bank have no responsibility for the quality of advice provided by any member of HSBC Bank Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels since 2008 even though there remains mixed views about the level of solicitor engagement in some of that fraud. Figures from the Land Registry reveal that plenty of law firms, including some in or near Claydon only carry out very few conveyances a year.
The deeds to our property are lost. The lawyers who did the conveyancing in Claydon 10 years ago have long since closed. What are my next steps?
You no longer need to have the physical original deeds to establish that you own the land or property, as the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Claydon differ for newly converted properties?
Most buyers of new build property in Claydon contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is constructed. This is because developers in Claydon tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Claydon or who has acted in the same development.
Back In 2003, I bought a leasehold house in Claydon. Conveyancing and Norwich and Peterborough Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Claydon who acted for me is not around. What should I do?
First contact the Land Registry to make sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to incur the fees of a Claydon conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a split level flat in Claydon, conveyancing having been completed in 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Claydon with an extended lease are worth £165,000. The ground rent is £50 yearly. The lease terminates on 21st October 2103
With only 78 years remaining on your lease we estimate the price of your lease extension to be between £7,600 and £8,800 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues 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 based on this information without first seeking the advice of a professional.