I am in a contract race with another prospective purchaser for a property in Leeswood. What can I do to speed up matters?
First, If the seller is applying time constraints for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will benefit local relationships and knowledge. It is possible that they would have handled previoushouses in the same neighbourhood. You would be best advised to use a Leeswood conveyancing lawyer. In addition, be sure that the conveyancing firm is on the lender panel. It is said that 18% of Leeswood conveyancing transactions are suspended or derailed after finding out that a purchaser’s lawyer was not on their banks member panel. This can often result in the legal transfer of property being held up by almost three weeks. It is estimated that this issue affects in the region of one hundred thousand home sales annually. Almost all Leeswood conveyancing firms can not represent certain lenders so do check as early as possible.
What does my ID and proof of funds have anything to do with my conveyancing in Leeswood? Why is this being asked of me?
Leeswood conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill no older than three months).
Evidence of source of monies is also required under the money laundering regulations as conveyancers are required to investigate that the money you are utilising to buy a property (whether it be the deposit for exchange or the full purchase price where you are a cash purchaser) has originated from a reputable source (such as employment savings) rather than the fruits of illegitimate behaviour.
My friend recommended that if I am purchasing in Leeswood I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Leeswood conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Leeswood around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data concerning Leeswood.
Due to the input of my in-laws I had a survey completed on a house in Leeswood prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will not give a mortgage on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements from Halifax. If you e-mail us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Leeswood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Leeswood to see if the conveyancing will be more expensive.
I am looking to sell my property. My past lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Leeswood if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Leeswood. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I am on look out for some leasehold conveyancing in Leeswood. Before I get started I want to be sure as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and almost all are in Leeswood - 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.
I am the registered owner of a 2 bed flat in Leeswood, conveyancing was carried out 10 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Leeswood with an extended lease are worth £191,000. The ground rent is £55 invoiced every year. The lease expires on 21st October 2078
With 53 years left to run the likely cost is going to span between £27,600 and £31,800 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.