In what way does my ID and proof of funds have anything to do with my conveyancing in Tamworth? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign should reaffirm this. Your lender will also require certain documents to be viewed. Should you refuse to provide ID verification documents, your lawyer would not be able to act for you.
I am considering applying for a Barclays mortgage for purchase of a new build (under development) in Tamworth with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Barclays ?
There is nothing to stop you using your solicitor, but Barclays will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am close to exchanging contracts on the sale of our home in Tamworth and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street Tamworth conveyancer would know this is not the case. For the life of me I don't know why the buyers used a factory type conveyancing practice rather than a conveyancing solicitor in Tamworth. We have lived in Tamworth for six years we know of no issue. Should we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You must enquire of 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 health insurance to cover that same sickness)
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Tamworth is the location of the property. What do you suggest?
Flying freeholds in Tamworth are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tamworth you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tamworth may ascertain 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 residence.
Is it possible to swap solicitor as I need to find a firm on the Skipton Building Society conveyancing list. I hired a local conveyancing solicitor in Tamworth round the corner but the firm is not approved by Skipton Building Society
We will our best to assist in finding you a conveyancing solicitor in Tamworth on the Skipton Building Society panel. Please note that the solicitors that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Tamworth. In utilising the find a conveyancing solicitor tool on this site, you can contrast costs for conveyancing solicitors in Tamworth and beyond.
I am hoping to exchange soon on a leasehold property in Tamworth. Conveyancing lawyers have said that they will have a report out to me next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Tamworth should include some of the following:
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Does the lease prohibit wood flooring? Does the lease prevent you from letting out the flat, or having a home office for business How long the lease is. You should receive guidance as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years Advice as to the provision in the lease to pay service charges - in relation to the building, and the more general rights a leaseholder enjoys Where does the liability rest for repairing the window frames
I am the registered owner of a ground floor flat in Tamworth, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Tamworth with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ends on 21st October 2078
With just 53 years unexpired we estimate the price of your lease extension to be between £27,600 and £31,800 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.