What does my ID and proof of funds have anything to do with my conveyancing in Datchet? Why is this being asked of me?
Datchet conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill less than 3 months old).
Proof of the origin of monies is also necessary under the money laundering statutes as conveyancers are mandated to ensure that the funds you are using to buy a property (whether it be the deposit for exchange or the total purchase monies where you are buying without a mortgage) has come from a reputable source (such as employment savings) and is not the proceeds of illegitimate activity.
I need some expedited conveyancing in Datchet as I am under an ultimatum to complete within one month. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no lawyer would advise that you don't. Drawing on our experience of conveyancing in Datchet the following are examples of what can crop up and therefore impact the marketability of the property: Enforcement Notices, Overdue Charges, Outstanding Grants, Road Schemes,...
It has been 4 months following my purchase conveyancing in Datchet concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
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Having had my offer accepted I require leasehold conveyancing in Datchet. Before diving in I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and most are in Datchet - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Datchet Conveyancing for Leasehold Flats - Examples of Questions you should ask before Purchasing
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It would be a good idea to discover if the the lease includes any unreasonable restrictions in the lease. For instance it is fairly common in Datchet leases that pets are not permitted in certain buildings in Datchet. If you like the apartmentin Datchet yet your dog is not allowed to move with you then you will be presented with a difficult compromise. You should be aware that where the lease has less than 80 years it will have adverse implications on the salability of the property. Check with your mortgage company that they are willing to lend given the lease term. A short lease means that you will almost definitely need a lease extension at some point and it is worth finding out how much this will be. Remember, in most cases you will need to own the premises for two years before you are entitled to extend the lease. Is there a share of the freehold?
What happens where there is a problem with the searches carried out as part of our conveyancing in Datchet?
Usually, the majority of problems that arise in Datchet conveyancing search responses can be addressed before completion or title insurance may be taken. You need to note that even though you intend on purchasing the premises and might be content to accept the search results, your building society or bank may not, and ultimately have the final decision.