I decided to go with a high street solicitor for my conveyancing in Leiston recently. Going through the Ts and Cs I noteI am responsible for charges even where the transaction does not complete. Should I go with them or select an on-line firm advertising no completion no charge conveyancing in Leiston?
It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the conveyancing charges will generally be more expensive to neutralise those conveyances that do not go ahead. You should be mindful that these offerings rarely protect you from outlay such your Leiston conveyancing search fees.
What does my ID and proof of funds have anything to do with my conveyancing in Leiston? Is this really necessary?
To satisfy the Money Laundering Regulations any Leiston conveyancing firm will require proof of identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account showing your correct address.
Under Money Laundering Regulations, conveyancers are obliged by law to ascertain not just the identity of conveyancing clients but also the source of fund that they receive in respect of any matter. Refusal to disclose this may lead to your conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
We are selling our property in Leiston and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local lawyer would know that there is no such problem. It does beg the question why the buyers used an internet conveyancing practice rather than a conveyancing solicitor in Leiston. We have lived in Leiston for three years we know of no issue. Should we get in touch with our local Authority to get clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
The estate agent has sent us the confirmation of our purchase of a new build flat in Leiston. Conveyancing is necessary evil 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.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Leiston
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Leiston I like with amenity areas and railway links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Leiston suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
Given that I will soon part with 450k on 3 bedroom house in Leiston I would like to have a conversation with the solicitor regarding thetransaction ahead of instructing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor who will be doing your conveyancing in Leiston.There is no ‘factory style conveyancing’ - every client is an important person, not a matter number. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Leiston should be the figure that you are charged.