What does my ID and proof of funds have anything to do with my conveyancing in Skegness? Is this really warranted?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Client Care letter that you are required to sign should confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you refuse to hand over ID verification documents, your lawyer can not take you on as a client.
My grandmother passed away six months ago and as sole heir and executor I was left the house in Skegness. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this possible?
Given you plan to refinance then Skipton will insist on your using a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.
My wife and I are buying a property in Skegness. I might seem paranoid but how we can trust a solicitor? At some point we have to put money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Skegness?
Two types of professional can execute conveyancing in Skegness namely CLC regulated conveyancers or solicitors. The two can handle the legal services that you need to complete the sale or purchase of property. Both are obliged to conduct Skegness conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly carried out and that all requisite steps should be appropriately attended to.
Santander have agreed my mortgage in principle, my bid on a property in Skegness has been accepted, what are the next steps?
The estate agent will wish to know who your solicitors are (be sure the solicitors are on the bank’s panel). Call up Santander or the broker and complete any appropriate documentation. Santander will sellect a valuer who will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. Santander will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Skegness.
Is it necessary to take out insurance to cover chancel repairs when buying a house in Skegness?
Unless a prior purchase of the house completed after 12 October 2013 you could expect solicitors conducting conveyancing in Skegness to remain recommending a chancel search and or chancel repair liability policy.
I have been advised by a number of selling agents in Skegness to choose a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to promote your lawyers over and above a competitor’s?
We don’t make any commission for directing people to this site. We found it would be just too difficult a fee as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I've found a house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have subsequently found out that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Skegness. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
The majority of houses in Skegness are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are purchasing in Skegness so you should seriously consider looking for a Skegness conveyancing solicitor and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the landlord’sconsent to conduct alterations. You may also be required to pay a service charge towards the upkeep of the communal areas where the house is part of an estate. Your lawyer should appraise you on the various issues.
I am the registered owner of a split level flat in Skegness, conveyancing was carried out 4 years ago. How much will my lease extension cost? Similar flats in Skegness with a long lease are worth £216,000. The ground rent is £50 per annum. The lease ends on 21st October 2094
With just 69 years unexpired we estimate the price of your lease extension to span between £9,500 and £11,000 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.