In what way does my ID and proof of funds have anything to do with my conveyancing in Barnehurst? Is this really necessary?
You are right in these requests have nothing to do with conveyancing in Barnehurst. However these days you can not proceed with any conveyancing transaction in the absence submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a bank statement. Remember if you are supplying your driving licence as proof of ID it must be both the paper part as well as the photo card part, one is not acceptable without the other.
Verification of your source of money is mandated under Money Laundering Regulations. You should not be offended when when this is requested of you as your lawyer will need to retain this information on file. Your Barnehurst conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask further questions concerning the origin of monies.
I have a 4 bedroom Georgian property in Barnehurst. Conveyancing solicitor acted for me and Barclays . I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same address. Is it worth asking Barclays to clarify?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Barnehurst and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with your conveyancing solicitor who completed the work.
I am buying a new build flat in Barnehurst. 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 legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Barnehurst
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one near me in Barnehurst I like with amenity areas and station in the vicinity, however it's only got 49 years on the lease. There is not much else in Barnehurst suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the remaining unexpired lease term may be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I am on look out for some leasehold conveyancing in Barnehurst. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Barnehurst - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Barnehurst conveyancing firm to assist?
in cases where there is a missing landlord or where there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to assess the price.
An example of a Lease Extension matter before the tribunal for a Barnehurst flat is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case related to 13 flats. The unexpired term as at the valuation date was 76 years.
What is the reason for my solicitor requiring various items of ID before I can proceed with my conveyancing in Barnehurst?
Barnehurst conveyancing practitioners are duty bound by the Law Society, Solicitors Regulation Authority, the Land Registry and current Money Laundering legislation to record that the have verified the identity of their clients. It will also be a condition of your lender if you are taking a mortgage. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have information such as your full names, NI number and date of birth.