My fiancee and I are acquiring our first house. Our solicitor has texted usto see if we wish to order additional conveyancing searches. Frankly we in the dark as to what's necessary for conveyancing in Archway
The range of Archway conveyancing searches depends entirely on the premises, the location, the possibility of any of these risks, your knowledge of the area and risks, your general appetite to risk. What matters is that you properly understand what information each search could provide. You may then make a decision if you personally think you need that information. Should you be unsure, ask your lawyer to recommend.
What does my ID and proof of funds have anything to do with my conveyancing in Archway? What am I being asked for?
Archway conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).
Evidence of the origin of funds is also necessary under the money laundering regulations as conveyancers have a duty to investigate that the money you are using to purchase a property (whether it be the deposit for exchange or the full purchase monies if you are buying without a mortgage) has come from an acceptable source (such as an inheritance) rather than the product of criminal activity.
I used Arc property Solicitors several years ago for my conveyancing in Archway. I now require my file but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Archway of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
As co-executor for the estate of my aunt I am disposing of a residence in Cardiff but reside in Archway. My lawyer (who is 260 miles from merequires that I execute a statutory declaration before completion. Can you recommend a conveyancing solicitor in Archway to attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Archway based
I am attracted to a two maisonettes in Archway both have about 50 years left on the leases. Will this present a problem?
A lease is a right to use the property for a prescribed time frame. As a lease shortens the saleability of the lease reduces and it becomes more expensive to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Archway conveyancing firm to represent me?
Most certainly. We can put you in touch with a Archway conveyancing firm who can help.
An example of a Lease Extension decision for a Archway property is Flat 2A 19 Shepherds Hill in June 2014. The tribunal concluded in accordance with section 48 and schedule 13 of the Leasehold Reform,Housing and Urban Development Act (the 1993 Act) that the premium payable in respect of the grant of a new lease for the Flat be £24,303 (twenty four thousand three hundred and three pounds) This case related to 1 flat. The unexpired term was 67.85 years.
I am an executor of my recently deceased mum’s Will, with a bungalow in Archway which is to be marketed. The house is unregistered at the Land Registry and I'm advised that many estate agents will insist that it is in place before they'll move forward. What's the procedure for this?
In the situation you refer to it seems sensible to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.