What does my ID and proof of funds have anything to do with my conveyancing in Basingstoke? Is this really necessary?
It is indeed that case that these requests have nothing to do with conveyancing in Basingstoke. However these days you can not proceed with any conveyancing process if you have not supplying evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are supplying your driving licence as proof of identification it must be both the paper element and photo card part, one is not satisfactory in the absence of the other.
Evidence of your source of money is necessary under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer will need to retain this information on record. Your Basingstoke conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask further questions concerning the origin of monies.
I have todayfound out that Arc property Solicitors have closed. They carried out my conveyancing in Basingstoke for a purchase of a freehold house 12 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The quickest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Basingstoke conveyancing specialists.
I am buying a new build flat in Basingstoke. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Basingstoke
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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. Please supply a car parking plan.
I have been pointed in your direction by a number of selling agents in Basingstoke to locate a property lawyer on your site. What’s the financial inducement for Estate Agents to recommend your site over another?
We refuse to offer any financial incentive for directing people in our direction. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Basingstoke. I have land on a web site which looks to be the ideal answer If there is a chance to get all formalities completed via email that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you offer any advice when it comes to appointing a Basingstoke conveyancing practice to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Basingstoke conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with two or three firms including non Basingstoke conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
What are the charges for lease extension work?
I acquired a split level flat in Basingstoke, conveyancing formalities finalised half a dozen years ago. 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? Equivalent flats in Basingstoke with over 90 years remaining are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease expires on 21st October 2096
You have 76 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.