In what way does my ID and proof of funds have anything to do with my conveyancing in New Forest? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in New Forest. Nowadays you can not complete any conveyancing process in the absence submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are providing your driving licence as evidence of ID it must be both the paper section and photo card part, one is not satisfactory without the other.
Proof of your source of money is mandated under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer will need to have this information on record. Your New Forest conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they will also ask further queries concerning the origin of monies.
I just acquired a flat at auction in New Forest. Conveyancing is needed. What are my next steps?
Having exchanged you will need to appoint a conveyancing lawyer as a matter of priority as you are faced with a pending deadline in which to complete the deal. All auction property will have a bespoke legal set of papers. This will likely include evidence of title and search results. Where you are dealing with leasehold premises the auction papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You must pass this on to your appointed conveyancing solicitor ASAP. Do make sure that you have funds organised to complete the transaction on the set completion date.
I have paid off my mortgage with Co-operative. I assume I don't need a New Forest conveyancer on the Co-operative panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in New Forest off the council. I have a mortgage offer with Barclays. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
I have been told that property searches are the number one cause of delay in New Forest house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in New Forest.
Despite weeks of looking the Title Certificate and documents to our property are lost. The lawyers who dealt with the conveyancing in New Forest 5 years ago have long since closed. What are my next steps?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware exactly where to find all the suitable documentation so you can buy or sell your property without a hitch. Where duplicates can’t be located, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against possible claims on your premises.
I have been sourcing a conveyancing practitioner in New Forest for my house move. Is there any facility to see a firm’s record with the profession’s regulator?
Anyone can see documented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The regulator may recorded call for training reasons.
What are your top tips when it comes to choosing a New Forest conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a New Forest conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non New Forest conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
-
Can they put you in touch with clients in New Forest who can give a testimonial? What volume of lease extensions have they completed in New Forest in the last year?
I purchased a split level flat in New Forest, conveyancing was carried out 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in New Forest with over 90 years remaining are worth £206,000. The ground rent is £45 per annum. The lease ends on 21st October 2093
With only 67 years left to run the likely cost is going to span between £10,500 and £12,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.