What does my ID and proof of funds have anything to do with my conveyancing in Whetstone? Is this really warranted?
Whetstone conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Bank Statement no older than three months).
Proof of the origin of monies is also required under the money laundering laws as solicitors have a duty to ensure that the monies you are utilising to purchase a property (be it the exchange deposit or the total purchase price where you are a cash purchaser) has originated from a reputable source (such as employment savings) and is not the fruits of illegitimate activity.
The Whetstone conveyancing firm that I appointed last week on my purchase in Whetstone have without warning closed. I only went with them because I had to have a firm on the Clydesdale conveyancing panel and my family Whetstone lawyer was not. I cut them a cheque for £250 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
The estate agent has sent us the confirmation of our purchase of a new build flat in Whetstone. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Whetstone
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Whetstone is the location of the property. Is there any guidance you can give?
Flying freeholds in Whetstone are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Whetstone you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whetstone may decide 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.
What makes your site different to other online quote calculators for conveyancing in Whetstone?
At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Whetstone. As opposed to estate agents and brokerage sites we do not operate commission deals with solicitors. Some agents and online brokers 'recommend' the firm who pay the most kickback, not the best value conveyancing in Whetstone
I have recently realised that I have 62 years unexpired on my lease in Whetstone. I now want to get lease extension but my landlord is absent. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to track down the landlord. On the whole a specialist should be useful to conduct investigations and prepare an expert document which can be used as proof that the landlord can not be located. It is wise to seek advice from a conveyancer in relation to devolving into the landlord’s absence and the application to the County Court overseeing Whetstone.
We have reached the end of our tether in trying to purchase the freehold in Whetstone. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Whetstone conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Whetstone flat is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 76 years.