What does my ID and proof of funds have anything to do with my conveyancing in Dorridge? Is this really necessary?
Anti-terror and anti-money-laundering regulations 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 Terms and Conditions that you need to sign should stipulate this. Your lender will also require certain documents to be checked. Should you are unwilling to hand over identification documents, your conveyancer would not be able to accept instructions from you.
My uncle passed away last year and as sole heir and executor I was left the property in Dorridge. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Kent Reliance, pay off the mortgage. Is this possible?
Where you plan to re-mortgage then Kent Reliance will insist on your using a conveyancer on the Kent Reliance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Kent Reliance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Kent Reliance mortgage is registered as a charge at the Land Registry.
This question may be naive but I am wet behind the ears as FTB of a garden flat in Dorridge. Do I collect the keys to the house on the completion date from my solicitor? If so, I will use a local conveyancing solicitor in Dorridge?
On the day of completion you will not be required to attend the conveyancers office in Dorridge. Conveyancing lawyers for you will transfer the completion advance to the seller's lawyers, and once they have received this, you should be called to collect the keys from the property Agents and move into your new home. Usually this happens early afternoon.
I have been told by my solicitor that lack of planning permission insurance is needed on my purchase. What is the level of cover for Dorridge conveyancing?
The right level of lack of planning permission indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Chelsea Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
Planning on purchasing a flat in Dorridge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Dorridge lawyer is on the HSBC conveyancing panel.
What will a local search tell me regarding the property I am buying in Dorridge?
Dorridge conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search is essential in every Dorridge conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
The estate agent has sent us the confirmation of our purchase of a new build flat in Dorridge. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Dorridge
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Dorridge I like with amenity areas and transport links in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Dorridge for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan that many years will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.