We opted for a Belvedere based lawyer for my conveyancing in Belvedere last week. Reviewing the Ts and Cs I notewe are responsible for fees even if the movedoes not proceed. Should I ditch them and appoint an internet lawyer who offer no-sale-no-fee conveyancing in Belvedere?
Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the fee levels will tend to be be higher to cover those transactions that fail to complete. Please beware that these promotions tend not to protect you from expenses such as Belvedere conveyancing search charges.
In what way does my ID and proof of funds have anything to do with my conveyancing in Belvedere? Is this really warranted?
Belvedere conveyancing solicitors and indeed property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).
Proof of the origin of monies is also necessary under the money laundering laws as conveyancers are obliged to investigate that the funds you are using to purchase a property (be it the exchange deposit or the total purchase amount if you are a cash purchaser) has come from an acceptable source (such as employment savings) and is not the fruits of illegitimate activity.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Belvedere. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 4/7/2020, the requirements read as follows :
I have recentlydiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Belvedere for a purchase of a freehold house 10 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest way to check if the premises is registered to you, you can make 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 Belvedere conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Belvedere is the location of the property. Can you shed any light on this issue?
Flying freeholds in Belvedere are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Belvedere you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Belvedere may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Do you have any advice for leasehold conveyancing in Belvedere from the point of view of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Belvedere can be bypassed if you instruct lawyers as soon as you market your property and ask them to put together the leasehold documentation which will be required by the purchasers’ conveyancers. A minority of Belvedere leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers. If you are supposed to have a share in the freehold, you should ensure that you hold the original share certificate. Arranging a replacement share certificate is often a time consuming process and frustrates many a Belvedere conveyancing deal. Where a reissued share is necessary, do contact the company director and secretary or managing agents (where applicable) for this at the earliest opportunity. Many freeholders or managing agents in Belvedere levy fees for providing management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Belvedere.
Despite our best endeavours, we have been unsuccessful in seeking a lease extension in Belvedere. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We can put you in touch with a Belvedere conveyancing firm who can help.
An example of a Lease Extension decision for a Belvedere premises 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 was in relation to 13 flats. The number of years remaining on the existing lease(s) was 76 years.