In what way does my ID and proof of funds have anything to do with my conveyancing in Yarmouth? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Yarmouth. However these days you will not be able to proceed with any conveyancing process in the absence handing over proof of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Remember if you are providing your driving licence as evidence of identification it must be both the paper element as well as the photo card part, one is not sufficient without the other.
Evidence of the source of monies is mandated in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer will need to retain this information on file. Your Yarmouth conveyancing solicitor will require evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask additional questions regarding the source of monies.
My wife and I are spending time looking at flats in Yarmouth and I am about to put in an offer. Is it best to have a solicitor on ‘stand by’? I am planning to take a mortgage with HSBC.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are taking out a mortgage with HSBC, make sure you remember to check that your lawyer is on the HSBC conveyancing panel.
I currently have a mortgage with Virgin Money for my property in Yarmouth. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Virgin Money?
Virgin Money must be informed of your intention prior to renting your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. You need not do this via a Virgin Money conveyancing panel firm.
I have finally had an offer on a maisonette in Yarmouth agreed to, the owners do nevertheless have a tied purchase. The sellers have put an offer on a flat, however it’s not yet tied up, and are looking at other flats in the pipeline. I have selected a high street conveyancing solicitor in Yarmouth. What do I do now? At what point should I apply for the mortgage with Yorkshire BS?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of £1k, then valuation, Yarmouth conveyancing search charges, etc). The first thing to do is check that your conveyancing practitioner is on the Yorkshire BS approved list. Regarding the subsequent stages this very much dictated by the uniqueness of your case, motivation for this property and on the state of the market. During a rising market some home buyers will apply for a home loan with Yorkshire BS and pay for the valuation and only if it was satisfactory would they ask their property lawyer to proceed with searches.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The conveyancers who conducted the conveyancing in Yarmouth 10 years ago no longer exist. What are my options?
You no longer need to hold title deeds to establish that you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.
Hoping to buy a property located in Yarmouth and I am already nervous. I couldn't find anything specific about Yarmouth. Conveyancing will be needed in due course but do you know about the Yarmouth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Yarmouth. In the meantime here are some basic statistics that we found
We expect to complete our sale of a £450,000 apartment in Yarmouth next Tuesday. The management company has quoted £312 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Yarmouth?
Yarmouth conveyancing on leasehold maisonettes typically necessitates fees being raised by freeholders :
-
Addressing pre-exchange enquiries
Where consent is required before sale in Yarmouth
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I purchased a ground floor flat in Yarmouth, conveyancing formalities finalised December 2003. How much will my lease extension cost? Similar properties in Yarmouth with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease comes to an end on 21st October 2080
With just 55 years remaining on your lease we estimate the price of your lease extension to range between £31,400 and £36,200 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
What are my options where I am dissatisfied with the lawyer who handled our conveyancing in Yarmouth?
We live in an imperfect world, and is is a fact of life that sometimes things do go wrong. Nevertheless there is recourse if you were dissatisfied with your conveyancing in Yarmouth. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their regulator. If you remain dissatisfied you may consider enlisting the help of the Legal Ombudsman.