In what way does my ID and proof of funds have anything to do with my conveyancing in Upper Tean? What am I being asked for?
In order to comply with Money Laundering Regulations any Upper Tean conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility bill showing your correct address.
Under Money Laundering Regulations, conveyancing solicitors are duty bound to validate not only the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to inform the relevant authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
I need some quick conveyancing in Upper Tean as I have an ultimatum to complete within one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not taking a home loan you have the choice not to have searches conducted although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Upper Tean the following are examples of issues that can show up and therefore affect the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
The deeds to my property are lost. The solicitors who conducted the conveyancing in Upper Tean 5 years ago have long since closed. What do I do?
Gone are the days when you need to hold title deeds to prove you are the registered proprietor of land or premises, given that the Land Registry hold details of all registered land or property electronically.
Due to the guidance of my in-laws I had a survey completed on a house in Upper Tean in advance of retaining solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks will not issue a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Upper Tean. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Upper Tean to see if the conveyancing costs will increase in light of this.
In my capacity as executor for the will of my grandmother I am disposing of a house in Swansea but reside in Upper Tean. My conveyancer (who is 250 miles from merequires that I execute a stat dec prior to completion. Can you recommend a conveyancing solicitor in Upper Tean who can witness this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Upper Tean based
Last August I purchased a leasehold flat in Upper Tean. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a 2 bed flat in Upper Tean, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Upper Tean with an extended lease are worth £191,000. The ground rent is £55 per annum. The lease ends on 21st October 2078
With 53 years remaining on your lease we estimate the premium for your lease extension to be between £27,600 and £31,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.