In what way does my ID and proof of funds have anything to do with my conveyancing in Limbury? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with before they can accept their conveyancing instruction. The Terms and Conditions that you need to sign should confirm this. Your lender will also require certain documents to be viewed. Should you refuse to provide ID verification documents, your solicitor would not be able to act for you.
Forgive me if this question is silly but I am unexperienced as FTB of a garden flat in Limbury. Do I pick up the keys to the house on the completion date from my solicitor? If so, I will find a High Street conveyancing solicitor in Limbury?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the vendor’s lawyers, and shortly after the monies have arrived, you should be able to receive the keys from the property Agents and move into your new home. This tends to happen early afternoon.
When it comes to mortgage companies such as Santander, do Limbury solicitors have to pay a yearly amount to be on the conveyancing panel?
We are not aware of any lender fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I have finally had an offer on a maisonette in Limbury agreed to, the owners do however have an associated purchase. The owners have offered on a property, but it’s not been accepted yet, and are looking at other apartments booked. I have chosen a nearby conveyancing solicitor in Limbury. What should be my next step? When do I get the mortgage application with Yorkshire BS started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then valuation, Limbury conveyancing search charges, etc). The first course of action is to ensure that your lawyer is on the Yorkshire BS approved list. Regarding the next steps this very much depends on the circumstances of your transaction, motivation for the property and on the state of the market. In a buoyant market many purchasers would apply for the mortgage with Yorkshire BS and pay for the valuation and only if it was satisfactory would they pay their property lawyer to proceed with searches.
My friend advised me that where I am buying in Limbury I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Limbury conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Limbury around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Limbury Education with maps and statistics, Local Amenities and other useful data concerning Limbury.
I'm refinancing my primary property to a buy to let loan with Accord Mortgages Ltd and I will use the rest of the raised equity as a deposit on a second property. The area we are looking at is Limbury. Will your solicitors be able to act for the two banks and tie in the transactions?
Make use of our comparison tool on this site to ensure that the lawyers are on the relevant lender panels. Having checked that they are the lawyer will be able to connect the two conveyancing matters but you should talk with you conveyancer and make apparent your expectations and needs.
As co-executor for the will of my aunt I am disposing of a residence in Swansea but live in Limbury. My lawyer (approximately 235 kilometers from merequires that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Limbury who can attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are located in Limbury
Estate agents have just been given the go-ahead to market my garden apartment in Limbury. Conveyancing lawyers have not yet been instructed, however I have just received a quarterly maintenance charge invoice – what should I do?
The sensible thing to do is pay the maintenance contribution as you normally would given that all rents and service charges will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies 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 purchased a 1 bedroom flat in Limbury, conveyancing having been completed 3 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Limbury with a long lease are worth £206,000. The ground rent is £45 invoiced annually. The lease runs out on 21st October 2091
You have 66 years remaining on your lease we estimate the premium for your lease extension to span between £12,400 and £14,200 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.