In what way does my ID and proof of funds have anything to do with my conveyancing in North Newbald? Is this really warranted?
North Newbald conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement less than 3 months old).
Evidence of the origin of funds is also required in accordance with the money laundering regulations as lawyers are required to check that the monies you are utilising to buy a property (be it the exchange deposit or the total purchase monies where you are a cash purchaser) has come from legitimate source (such as an inheritance) rather than the proceeds of criminal behaviour.
I am downsizing from our property in North Newbald and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street North Newbald lawyer would know this is not the case. For the life of me I don't know why the buyers are using a factory type conveyancing firm as opposed to a conveyancing solicitor in North Newbald. Having lived in North Newbald for three years we know of no issue. Should we get in touch with our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You should 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 life insurance to cover that same ailment)
I used Arc property Solicitors several years past for my conveyancing in North Newbald. I now require my file however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in North Newbald of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
The estate agent has sent us the confirmation of our purchase of a new build flat in North Newbald. Conveyancing is daunting 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.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in North Newbald
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Please supply a car parking plan. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one near me in North Newbald I like with a park and station in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in North Newbald suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I own a leasehold flat in North Newbald. Conveyancing and Bank of Ireland mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1996. The conveyancing solicitor in North Newbald who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to instruct a North Newbald conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
North Newbald Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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Be sure to discover if there is anything that is prohibited in the lease. By way of example it is reasonably common in North Newbald leases that pets are not permitted in certain buildings in North Newbald. If you like the flatin North Newbald yet your cat can’t make the move with you then you will be presented with a difficult choice. Is anyone aware of any major works on the horizon that could increase the service costs? It is important to be aware if window replacement or some other significant cost is anticipated to be shared amongst the tenants and may well dramatically increase the the service charges or necessitate a one time invoice.