In what way does my ID and proof of funds have anything to do with my conveyancing in Godmanchester? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Godmanchester. Nowadays you can not proceed with any conveyancing transaction in the absence supplying evidence of your identity. This usually takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are providing your driving licence as evidence of ID it must be both the paper element as well as the photo card part, one is not satisfactory in the absence of the other.
Proof of the source of funds is mandated under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor must retain this information on file. Your Godmanchester conveyancing practitioner will require evidence of proof of funds prior to accepting any money from you into their client account and they will also ask additional questions regarding the source of funds.
Have completed on a a semi-detached house in Godmanchester , What is the estimated time for the Land Registry to register the transfer to my name? My Godmanchester conveyancing solicitor works at snail pace, so I want to be sure the post completion formalities are dealt with.
As far as conveyancing in Godmanchester is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any interested persons or bodies. As of today roughly three quarters of submission are fully addressed within two weeks but some can be subject to extensive hold-ups. Historically registration takes place after the new owner is living at the premises so post completion formalities is not typically primary concern but where there is a degree of urgency associated with the registration then you or your conveyancer must communicate with the Registry to express the reasoning for an expedited registration.
I'm buying a new build house in Godmanchester with a loan from Accord Mortgages Ltd. The developers would not reduce the amount so I negotiated £7000 of extras instead. The estate agent told me not reveal to my lawyer about this deal as it may adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Godmanchester is the location of the property. What do you suggest?
Flying freeholds in Godmanchester are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Godmanchester you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Godmanchester may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have been sourcing a conveyancing lawyer in Godmanchester for my house move. Is there any facility to check a solicitor's complaints history with the profession’s regulator?
Anyone can read presented Solicitor Regulator Association (SRA) decisions arising from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator may recorded call for training requirements.
I have just appointed agents to market my ground floor apartment in Godmanchester. Conveyancing has not commenced, but I have recently had a quarterly service charge demand – what should I do?
The sensible thing to do is clear the maintenance contribution as normal as all ground rent and service charges will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I acquired a ground floor flat in Godmanchester, conveyancing was carried out February 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Godmanchester with over 90 years remaining are worth £197,000. The ground rent is £55 levied per year. The lease expires on 21st October 2079
With 55 years unexpired the likely cost is going to span between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.