In what way does my ID and proof of funds have anything to do with my conveyancing in Tufnell Park? Is this really warranted?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Tufnell Park. However these days you will not be able to complete any conveyancing deal if you have not supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are supplying your driving licence as evidence of identification it must be both the paper section as well as the photo card part, one is not acceptable in the absence of the other.
Proof of the source of funds is mandated under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer will need to retain this information on record. Your Tufnell Park conveyancing practitioner will require evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask further queries regarding the source of monies.
How does conveyancing in Tufnell Park differ for newly converted properties?
Most buyers of new build or newly converted property in Tufnell Park approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Tufnell Park usually buy the real estate, 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 Tufnell Park or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Tufnell Park prior to retaining solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may not grant a mortgage on such a home.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Tufnell Park. Conveyancing may be slightly more expensive based on your lender's requirements.
My partner has suggested that I instruct his conveyancing solicitors in Tufnell Park. Do I follow his recommendation?
Much as we are happy to recommend a Tufnell Park conveyancing lawyer it’s preferable to choose a conveyancing solicitor is to seek feedback from friends or family who have previously instructed the solicitor you're are thinking of instructing.
Estate agents have just been given the go-ahead to market my 2 bed apartment in Tufnell Park. Conveyancing lawyers have not yet been instructed, but I have just had a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the invoice as usual because all ground rent and service invoices should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Tufnell Park conveyancing firm to assist?
Most definitely. We are happy to put you in touch with a Tufnell Park conveyancing firm who can help.
An example of a Lease Extension case for a Tufnell Park premises is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case affected 1 flat. The remaining number of years on the lease was 64.77 years.
My mother purchased her house in Tufnell Park ten years past. She has got married, divorced and has recently remarried. She wishes to market the property next moths. I think she will just be asked to provide a copy of her marriage certificates to the property lawyer however she is anxious it could delay the sale of the house. Should she instruct a conveyancer to update the title documents for the house?
The is no need to update the register as long as you have the evidence required to show how the name change has come about.
Any buyer’s conveyancer should examine the land registry information and need evidence to establish the change of name e.g. marriage documentation.