In what way does my ID and proof of funds have anything to do with my conveyancing in Winton? Is this really warranted?
Winton conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Confirmation of source of monies is also necessary under the money laundering laws as solicitors are required to ensure that the funds you are using to acquire a property (be it the exchange deposit or the total purchase monies if you are buying mortgage free) has originated from legitimate source (such as employment savings) as opposed to the product of illegitimate activity.
My wife and I have recently appointed a conveyancing solicitor in Winton. I need to find out if they are accepted on the Birmingham Midshires approved list of lawyers. Can you advise?
The first thing to do is call the conveyancer and ask them if they are on the lender panel. Alternatively you can get in touch with Birmingham Midshires who may be able to help.
What is your number one tip for finding a conveyancing solicitor in Winton
It would be unwise to be tempted by the cheapest Winton conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Forgive me if this question is silly but I am unseasoned as a 1st time buyer of a ground floor flat in Winton. Do I collect the keys to the house on completion from my solicitor? If this is the case, I will instruct a local conveyancing solicitor in Winton?
On the day of completion you will not be required to attend the conveyancers office in Winton. Your solicitors will transfer the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you should be called to receive the keys from the property Agents and start moving into the property. Usually this occurs early afternoon.
Completion of my remortgage has taken place for my property in Winton. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Hoping to buy a property located in Winton and I am already nervous. I couldn't find anything specific about Winton. Conveyancing will be needed in due course but do you know about the Winton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Winton. In the meantime here are some basic statistics that we found
I work for a long established estate agent office in Winton where we have witnessed a few flat sales put at risk as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Winton conveyancing firms. Could you shed some light as to whether the owner of a flat can initiate the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a ground floor flat in Winton, conveyancing was carried out April 2003. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Winton with over 90 years remaining are worth £201,000. The ground rent is £45 yearly. The lease ceases on 21st October 2089
With 64 years unexpired we estimate the premium for your lease extension to range between £14,300 and £16,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.
Do I cancel my mortgage payments with HSBC once a completion date for my home sale in Winton has been set?
No, you must keep paying any mortgage sums to HSBC pending the mortgage being discharged from the proceeds of sale as part of your Winton conveyancing.