In what way does my ID and proof of funds have anything to do with my conveyancing in Fetcham? What am I being asked for?
Fetcham conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under money laundering regulations to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).
Confirmation of source of funds is also required under the money laundering laws as lawyers are mandated to ensure that the money you are utilising to purchase a property (be it the exchange deposit or the total purchase price if you are a cash purchaser) has come from legitimate source (such as employment savings) and is not the product of illegitimate activity.
We previously chose conveyancers with offices in Fetcham on the Kent Reliance solicitor approved list. They are now charging me a supplemental sum for dealing with the Kent Reliance mortgage. Is this an additional conveyancing fee specified by Kent Reliance?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your property lawyer is entitled to levy a fee for this. The fee is not dictated by Kent Reliance but by your Fetcham property lawyer. Numerous firms on the Kent Reliance panel will quote an ‘acting for lender’ fee and others do not.
We are getting the release of further monies on our mortgage from Bank of Ireland as we wish to conduct improvements to our property in Fetcham. Are we obliged to choose a nearby Fetcham solicitor on the Bank of Ireland conveyancing panel to deal with the paperwork?
Bank of Ireland would not normally appoint a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland conveyancing panel.
I have decided to exercise my right to buy my property in Fetcham off the council. I have a mortgage offer with Nationwide. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
I completed on my home on 4 May and the transaction details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Fetcham expressed confidence that it would be concluded in less than a month. Are titles in Fetcham particularly slow to register?
As far as conveyancing in Fetcham registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary according to the party submitting the application, whether it is in order and whether the Land registry have to notify any 3rd parties. Currently in the region of three quarters of submission are completed within 12 days but occasionally there can be protracted hold-ups. Historically registration is effected after the buyer is living at the premises so an expedited registration is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
About to purchase a new build flat in Fetcham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Fetcham
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I need to retain a conveyancing solicitor for purchase conveyancing in Fetcham. I happened to stumble upon a web site which looks to be the perfect answer If there is a chance to get all this stuff done via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in Fetcham. Conveyancing solicitors have are about to be appointed. Will they explain the issues?
Most houses in Fetcham are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Fetcham in which case you should be shopping around for a Fetcham conveyancing solicitor and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your conveyancer should advise you fully on all the issues.
Fetcham Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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Does this lease have more than 90 years unexpired? Who takes responsibility for maintaining and repairing the block? How much is the maintenance charge and ground rent on the flat?