What does my ID and proof of funds have anything to do with my conveyancing in Bridgwater? Why is this being asked of me?
Bridgwater conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and proof of address (typically a Bank Statement no older than three months).
Confirmation of the origin of funds is also necessary in accordance with the money laundering laws as lawyers are mandated to check that the funds you are using to purchase a property (be it the exchange deposit or the full purchase monies if you are buying mortgage free) has originated from legitimate source (such as an inheritance) rather than the proceeds of illegitimate behaviour.
What will a local search inform me concerning the property my wife and I buying in Bridgwater?
Bridgwater conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company such as Searchflow The local search plays an important part in most Bridgwater conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
Me and my brother own a semi-detached Victorian property in Bridgwater. Conveyancing lawyer represented me and Halifax. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bridgwater and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing lawyer who conducted the purchase.
I opted to have a survey carried out on a house in Bridgwater in advance of retaining conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some lenders tend not issue a mortgage on such a house.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bridgwater. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bridgwater to see if the conveyancing will be more expensive.
I am a fortnight into a leasehold purchase having been referred to a firm by the high street agent to execute conveyancing in Bridgwater. I am am very dissatisfied with the quality of service. Can you you assist me in finding new solicitors?
A lawyer would need to be very bad in order to consider diss instructing them. Has the loan offer been sent? If so you must inform them of the new contact details and have the loan are re-sent. The conveyancer should be on the banks panel to avoid added expenses and frustration. That should be your first question of the new lawyers. Our find a solicitor tool should assist you in finding a bank approved solicitor for your conveyancing in Bridgwater
I've recently bought a leasehold house in Bridgwater. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Bridgwater Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
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Best to be warned whether changing the roof or some other significant cost is coming up that will be shared amongst the leasehold owners and could well materially increase the the maintenance costs or result in a specific invoice. Does the lease contain onerous restrictions? Does the lease have in excess of 80 years left?