In what way does my ID and proof of funds have anything to do with my conveyancing in Undy? 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 person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Client Care letter that you need to sign will no doubt stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to provide ID verification documents, your lawyer can not take you on as a client.
I used Stirling Law several years ago for my conveyancing in Undy. Now, I need my files however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Undy of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the advice of my in-laws I had a survey completed on a property in Undy in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some banks may refuse to issue a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you e-mail us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Undy. Conveyancing will be smoother if you use a solicitor in Undy especially if they are acquainted with such properties in Undy.
In my capacity as executor for the estate of my grandmother I am disposing of a property in Monmouth but live in Undy. My solicitor (approximately 250 miles from meneeds me to execute a stat dec before completion. Can you recommend a conveyancing practitioner in Undy to witness this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are based in Undy
Can you offer any advice when it comes to finding a Undy conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a conveyancer for your lease extension (regardless if they are a Undy conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Undy conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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How familiar is the firm with lease extension legislation? What are the costs for lease extension work?
Undy Leasehold Conveyancing - Sample of Questions you should ask before buying
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Best to be warned if window replacement or some other major work is due shortly to be shared amongst the leaseholders and may well dramatically impact the level of the maintenance charges or necessitate a one off invoice. The majority of Undy leasehold apartments will be liable to pay a service bill for maintenance of the building set on behalf of the management company. If you acquire the apartment you will have to pay this contribution, normally quarterly throughout the year. This may be anything from several hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met annual, this is usually not a large sum, say approximately £50-£100 but you should to enquire as on occasion it can be many hundreds of pounds. The best form of lease arrangement is where the freehold interest is owned by the leaseholders. In this arrangement the lessees have control and although a managing agent is usually retained where the building is larger than a house conversion, the managing agent retained by the leaseholders.
I have miscalculated my finances and am a few thousand pounds short a 10% deposit on my house purchase in Undy , but I am keen proceed. Do I have options?
One option is to try and accept a lower deposit. Many sellers will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second