In what way does my ID and proof of funds have anything to do with my conveyancing in Harehills? Why is this being asked of me?
Harehills conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).
Proof of the origin of funds is also required in compliance with the money laundering laws as conveyancers have a duty to ensure that the money you are utilising to purchase a property (be it the exchange deposit or the full purchase price where you are a cash purchaser) has originated from an acceptable source (such as an inheritance) and is not the product of illegitimate behaviour.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The conveyancers who dealt with the conveyancing in Harehills 5 years ago have long since closed. What do I do?
Nowadays there are copies made of almost everything, and your solicitor will be aware precisely where to look for all the appropriate paperwork so you may buy or dispose of your house without any difficulty. Where duplicates are not available, your lawyer can arrange cover in the form of insurance or indemnities against future claims on the property.
I decided to have a survey done on a property in Harehills ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some lenders will refuse to issue a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Harehills. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Harehills to see if the conveyancing will be more expensive.
I am selling my house. My past lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Harehills if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Harehills. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Last July I purchased a leasehold property in Harehills. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Harehills Leasehold Conveyancing - Sample of Queries before buying
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Does the lease include onerous restrictions? Generally speaking the outlay for major works are not included within maintenance charges, although a few managing agents in Harehills ask leasehold owners to contribute towards a reserve fund and this is used to offset against major repairs or maintenance. How much is the ground rent and service charge?
I own a leasehold flat in Harehills. Conveyancing was finalised in five years ago. I have been told that I mustn’t let the the remaining lease term to get too low. Why is that a problem?
Harehills domestic long term leases are for a set term - usually 99 years when they are first granted. However a significant appartments in Harehills were constructed or converted in the 60’s and so such leases now have under 80 years remaining. This may sound like a long time however Banks, Building Societies and other mortgage companies on the whole require leases to have at least 75 years unexpired to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are nearing seventy five years. To enhance your property value you should be considering whether or not to extend your lease long before you come to sell it. There are also strong financial reasons to doing so before the lease reaches even 80 years as when the lease falls below eighty years the premium to be paid to extend starts to increase.