In what way does my ID and proof of funds have anything to do with my conveyancing in Scarborough? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Scarborough. Nowadays you can not proceed with any conveyancing deal in the absence handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper element as well as the photo card part, one is not satisfactory without the other.
Evidence of your origin of funds is necessary under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor will need to retain this information on record. Your Scarborough conveyancing solicitor will need to see evidence of proof of funds prior to accepting any money from you into their client account and they may also ask further questions concerning the source of funds.
We had chosen conveyancers with offices in Scarborough on the Clydesdale solicitor panel. They are now charging me an additional sum for the legal aspects of the Clydesdale mortgage. Is this a supplemental conveyancing fee specified by Clydesdale?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your property lawyer may levy a fee for this. This charge is not dictated by Clydesdale but by your Scarborough property lawyer. Some firms on the Clydesdale panel will quote ’dealing with mortgage’ fee but many firms include it on their overall fee.
After weeks of negotiation I have agreed a price on an apartment in Scarborough. My financial adviser suggested a solicitor. I paid an upfront payment of £175. A couple of days later, the solicitor called me sheepishly admitting that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
At last I have had an offer on a flat in Scarborough accepted, the owners do nevertheless have a connected purchase. The sellers have put an offer on a property, however it’s not yet agreed to, and are looking at other apartments in the pipeline. I have chosen a nearby conveyancing solicitor in Scarborough. What do I do now? At what point do I apply for the mortgage with Santander?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of one thousand pounds, then survey, Scarborough conveyancing search costs, etc). First, you must check that your conveyancing practitioner is on the Santander conveyancing panel. Regarding the next steps this very much depends on the specifics of your case, motivation for this property and on the state of the market. During a hot market some buyers will apply for the mortgage with Santander and arrange for the valuation and only if it comes back ok would they pay their conveyancer to move forward with searches.
What will a local search reveal about the house I am purchasing in Scarborough?
Scarborough conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for example Onsearch The local search is essential in every Scarborough conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a simple, no chain conveyancing. Scarborough is where the house is located. What do you suggest?
Flying freeholds in Scarborough are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Scarborough you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Scarborough may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am looking to sell my home. My previous lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Scarborough if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Scarborough. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
What are the common defects that you see in leases for Scarborough properties?
There is nothing unique about leasehold conveyancing in Scarborough. Most leases are unique and drafting errors can sometimes mean that certain provisions are missing. The following missing provisions could result in a defective lease:
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Service charge per centages that don't add up correctly leaving a shortfall A provision for the recovery of money spent for the benefit of another party.
A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, The Mortgage Works, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to pull out.
I acquired a ground floor flat in Scarborough, conveyancing was carried out June 2010. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Scarborough with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ends on 21st October 2077
With 52 years left to run we estimate the premium for your lease extension to be between £29,500 and £34,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.