What does my ID and proof of funds have anything to do with my conveyancing in Aldershot? Is this really warranted?
To satisfy the Money Laundering Regulations any Aldershot conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account showing where you live.
In accordance with Money Laundering Regulations, conveyancers are obliged by law to ascertain not only the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer cancelling 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 notify the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I am the sole recipient of my late father’s estate with all property in now in my sole name, including the house in Aldershot. Conveyancing formalities meant that the Land Registry date was in June. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship may be considered the same way as if I'd bought the property in June. Is the property unsalable for six months?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Most lenders would take a pragmatic view as this obligation is chiefly there to identify the purchase and immediately sell or the wholesaling and assigning of property.
I am buying a property in Aldershot. A rare aspect is that the roof has a solar panel. Clydesdale have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Clydesdale your lawyer must check the conveyancing instructions outlined in Part 2 of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook includes minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Clydesdale where a lease does not satisfy these conditions. The provisions relate to the installation of panels on properties in England and Wales and is not isolated to Aldershot.
My wife and I are in the process of looking at houses in Aldershot and I am now considering a potential offer. Is it too early to have a solicitor in place? I intend to finance via a mortgage with Santander.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are obtaining a mortgage with Santander, ask your prospective lawyers if they are on the Santander conveyancing panel otherwise they can't do the mortgage legal work.
I acquired my home on 2 February and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Aldershot said it should be concluded in less than a month. Are titles in Aldershot uniquely lengthy to register?
There is nothing unique about conveyancing in Aldershot registration formalities. Rather than based on location, timescales can vary depending on who lodges the application, whether it is in order and if the Land registry must send notices to any third parties. At present approximately three quarters of submission are fully addressed in less than three weeks but occasionally there can be longer hold-ups. Historically registration occurs after the buyer has moved in to the property thus 'speed' is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your conveyancer must contact the land registry and explain the circumstances.
I am looking into buying my first house which is in Aldershot and I am already nervous. I couldn't find anything specific about Aldershot. Conveyancing will be needed in due course but do you know about the Aldershot area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Aldershot. In the meantime here are some basic statistics that we found
My wife and I purchased a leasehold flat in Aldershot. Conveyancing and Halifax mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Aldershot who previously acted has long since retired. What should I do?
First make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Aldershot conveyancing lawyer to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Aldershot - Sample of Questions you should consider Prior to Purchasing
If a Aldershot lease has less than 80 years it will impact the value of the property. Check with your lender that they are happy with the length of the lease. A short lease means that you will probably have to extend the lease at some point and it is worth discovering what this would cost. Remember, in most cases you will be be obliged to have been the owner of the property for a couple of years in order to be entitled to exercise a lease extension. Is the freehold reversion owned collectively by the leaseholders? Be sure to discover if there is anything that is prohibited in the lease. For instance it is fairly common in Aldershot leases that pets are not permitted in certain buildings in Aldershot. If you like the propertyin Aldershot yet your cat is not allowed to move with you then you will be faced hard compromise.
I am contemplating appointing an online conveyancer rather than a Aldershot conveyancing practice. Should I ‘stay local’?
Advantages do exist in being able to pop in to a local Aldershot conveyancing solicitor for instance
- signing documents and and when necessary
- sometimes being able to speak to someone face-to-face can make a huge difference, particularly for more complex conveyancing
- the ability to raise concerns if matters are not going as expected
When analysing estimates, look carefully for hidden extras. The majority decent Aldershot high street solicitors give an all-inclusive figure. Often online agents seem to offer cheap prices, but have hidden 'extras' in the in the terms and conditions.