What does my ID and proof of funds have anything to do with my conveyancing in Bexley? Is this really necessary?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Bexley. However these days you can not complete any conveyancing deal in the absence submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper element as well as the photo card part, one is not acceptable without the other.
Verification of your origin of monies is necessary under Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer must have this information on file. Your Bexley conveyancing lawyer will require evidence of proof of funds before they are able to accept any funds from you into their client account and they may also ask additional queries regarding the source of funds.
Do I have to attend the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Bexley so that I can pop in to their offices when needed.
As opposed to twenty years ago, most mortgage companies no longer oblige their conveyancing panel solicitor to witness the borrowers signature. It will still be necessary for you to provide ID documents and there are still manifest benefits to using a local ayer, in your case a conveyancing solicitor in Bexley.
five months have gone by since my purchase conveyancing in Bexley completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Is it simple use the search app to find a conveyancing practitioner in Bexley on the panel for my bank?
First select a mortgage company such as Santander, The Mortgage Works or Aldermore then specify your location e.g. Bexley. Conveyancing organisations in Bexley and further afield should be identified.
My step-father has suggested that I instruct his conveyancing solicitors in Bexley. Should I choose my own conveyancer?
Much as we are happy to recommend a Bexley conveyancing lawyer the ideal way to choose a conveyancing practitioner is to have recommendations from friends or family who have actually previously instructed the conveyancer that you are considering.
Having spent months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Bexley. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a absentee landlord or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to judgment on the amount due.
An example of a Lease Extension decision for a Bexley property is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case affected 1 flat.
What makes a Bexley lease defective?
There is nothing unique about leasehold conveyancing in Bexley. All leases are individual and drafting errors can result in certain sections are wrong. For example, if your lease is missing any of the following, it could be defective:
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A provision to repair to or maintain elements of the premises
You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Barnsley Building Society, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to pull out.