In what way does my ID and proof of funds have anything to do with my conveyancing in Prenton? What am I being asked for?
To satisfy the Money Laundering Regulations any Prenton conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to validate not only the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this may result in your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to make a disclosure to the relevant authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
How does conveyancing in Prenton differ for new build properties?
Most buyers of new build premises in Prenton approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Prenton typically acquire the land, 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 conveyancers 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 Prenton or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Prenton in advance of instructing lawyers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some lenders may refuse to give a loan on such a premises.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Prenton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Prenton to see if the conveyancing will be more expensive.
Given that I am about to part with hundreds of thousands of pounds on a property in Prenton I wish to talk to a solicitor concerning thehouse move ahead of appointing the firm. Can this be arranged?
Absolutely - we would be happy to talk to you we do not take any clients on without you first talking to the lawyer due to be doing your conveyancing in Prenton.There is no ‘factory style conveyancing’ - each client is unique individual, not a file reference. The solicitors that we put you in touch with believe that the fees you are quoted for your conveyancing in Prenton should be the amount on the final invoice that you are charged.
I am a negotiator for a busy estate agent office in Prenton where we have witnessed a few leasehold sales put at risk as a result of short leases. I have been given conflicting advice from local Prenton conveyancing firms. Could you shed some light as to whether the vendor of a flat can commence the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder 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 purchaser.
Prenton Leasehold Conveyancing - A selection of Queries before buying
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Make sure you discover if there are any onerous restrictions in the lease. By way of example some leases prohibit pets being allowed in in a block in Prenton. If you like the flatin Prenton yet your cat can’t make the move with you then you will be faced hard determination. You will want to find out as much as you can regarding the company managing the block as they can either make your life much easier or problematic. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to day to day issues like the tidiness of the common parts. Ask prospective neighbours what they think of their management. In conclusion, find out the dates that the maintenance fees are due to the appropriate party and specifically how they are spending that money. What prohibitions are contained in the Prenton Lease?
A conveyancing firm handled my conveyancing in Prenton 8 years ago and was holding my deeds but has now closed – What can I do to get hold of these?
Title deeds, as such, no longer exist as the majority of properties in Prenton are archived electronically at Land Registry. If you need to establish evidence of proprietorship or are disposing of or refinancing your solicitor will need to obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned with reasonable haste.