In what way does my ID and proof of funds have anything to do with my conveyancing in New Romney? What am I being asked for?
New Romney conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Evidence of source of funds is also required in accordance with the money laundering regulations as solicitors are duty bound to investigate that the monies you are utilising to buy a property (whether it be the deposit for exchange or the total purchase amount if you are buying without a mortgage) has originated from legitimate source (such as employment savings) rather than the fruits of illegitimate activity.
My wife and I have a semi-detached Edwardian property in New Romney. Conveyancing solicitor represented me and Leeds Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in New Romney and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing practitioner who conducted the purchase.
Given that I will soon part with hundreds of thousands of pounds on a garden flat in New Romney I wish to talk to a conveyancer concerning thehouse move ahead of instructing the firm. Can this be arranged?
This is something that we recommend - we would be delighted to talk to you we do not take any clients on without you speaking to the solicitor who will be carrying out your property ownership legalities in New Romney.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter reference. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in New Romney should be the figure that you end up paying.
My father-in-law has suggested that I use his conveyancing solicitors in New Romney. Should I choose my own property lawyer?
Much as we are happy to recommend a New Romney conveyancing lawyer the ideal way to find a conveyancing lawyer is to have guidance from friends or family who have actually experience in using the solicitor you're contemplating using.
I am employed by a reputable estate agent office in New Romney where we have experienced a number of leasehold sales put at risk due to short leases. I have been given conflicting advice from local New Romney conveyancing firms. Can you confirm whether the seller of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Leasehold Conveyancing in New Romney - A selection of Questions you should ask Prior to buying
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Make sure you enquire if there are any onerous prohibitions in the lease. By way of example it is reasonably common in New Romney leases that pets are not permitted in in a block in New Romney. If you like the apartmentin New Romney but your dog can’t make the move with you then you have a very difficult choice. It is important to be aware whether redecorating or some other major work is pending to be shared between the leasehold owners and could well materially impact the level of the maintenance fees or necessitate a specific invoice.
Do online conveyancing organisations undertake everything a high street New Romney solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in New Romney?
Where you choose an online conveyancer they should cover all the tasks your New Romney conveyancer will cover.