What does my ID and proof of funds have anything to do with my conveyancing in Houghton Regis? What am I being asked for?
To satisfy the Money Laundering Regulations any Houghton Regis conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
In accordance with Money Laundering Regulations, conveyancers are duty bound to check not only the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this may lead to your solicitor cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to inform the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
Various internet forums that I have visited warn that are the number one cause of hinderance in Houghton Regis house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Houghton Regis.
How does conveyancing in Houghton Regis differ for new build properties?
Most buyers of new build residence in Houghton Regis contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because developers in Houghton Regis usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Houghton Regis or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Houghton Regis prior to instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some lenders tend not grant a loan on this type of property.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Houghton Regis. Conveyancing may be slightly more expensive based on your lender's requirements.
As co-executor for the estate of my grandmother I am selling a property in Swansea but I am based in Houghton Regis. My solicitor (approximately 235 miles from meneeds me to sign a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Houghton Regis who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are Houghton Regis based
Having had my offer accepted I require leasehold conveyancing in Houghton Regis. Before I get started I would like to find out the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and most are in Houghton Regis - 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.
Houghton Regis Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing
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This information is helpful as a) areas may result in problems in the building as the common areas may start to deteriorate where maintenance remain unpaid b) if the tenants have a dispute with the running of the building you will need to know about it Make sure you discover if the the lease includes any adverse restrictions in the lease. For example plenty of leases prohibit pets being allowed in certain buildings in Houghton Regis. If you like the apartmentin Houghton Regis but your dog can’t live with you then you will be faced hard determination. How much is the service charge and ground rent on the property?