I am in the throes of porting my current homeowner loan to a Buy to Let Skipton Building Society mortgage. I was told by my financial advisor that I need a conveyancer as part of the process. I got in contact with my former Old Woking conveyancing practitioner who acted on my behalf when I originally bought the premises. The quote e-mailed to me of £550 has surprised me as its a refinance than a sale or purchase.
The estimate does seem a tad overpriced. If you you were to look around you could get the conveyancing a bit cheaper by say a hundred pounds. That being said, assuming were pleased with the service the firm gave you maylive to rue choosing an an untested lawyer. Don't forget to enquire the solicitor can represent Skipton Building Society. You can use our search tool to find a Old Woking conveyancing firm on the Skipton Building Society conveyancing panel, which can often include conveyancing solicitors in Old Woking.
I am need of leasehold conveyancing for a flat in a relatively new development (five years built) in Old Woking. The vast majority the appartments are already sold. Do I need carry out the neighbourhood searches as part of conveyancing in Old Woking?
You would be opening yourself up to an unnecessary risk in not carrying out Old Woking conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal requirement to have them, but we would absolutely advise in no uncertain terms that you have them. Where speed and driving down costs are primary issues you should consider with your conveyancer about the option of search insurance
What does my ID and proof of funds have anything to do with my conveyancing in Old Woking? Is this really necessary?
Old Woking conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Proof of source of funds is also necessary in compliance with the money laundering statutes as lawyers are duty bound to check that the funds you are utilising to buy a property (be it the exchange deposit or the full purchase price where you are buying without a mortgage) has come from an acceptable source (such as an inheritance) rather than the fruits of illegitimate behaviour.
Just bought a semi-detached house in Old Woking , What is the estimated time for the Land Registry to record my proprietorship? My Old Woking conveyancing solicitor has been painfully slow, so I want to be sure that my purchase is registered.
As far as conveyancing in Old Woking is concerned, registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can adjust according to the party submitting the application, whether there are errors and whether the Land registry must send notices to any 3rd persons or bodies. At present roughly three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be extensive delays. Registration occurs after the buyer is living at the premises therefore registration formalities is not always primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
How does conveyancing in Old Woking differ for new build properties?
Most buyers of new build premises in Old Woking come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Old Woking typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Old Woking or who has acted in the same development.
I am looking for a flat up to £235,500 and identified one round the corner in Old Woking I like with open areas and station in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Old Woking suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage that many years will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you may request that they start the process of the extension 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 solicitor about this matter.