In what way does my ID and proof of funds have anything to do with my conveyancing in Chesham? Is this really warranted?
You are right in these requests have nothing to do with conveyancing in Chesham. However these days you will not be able to complete any conveyancing process if you have not providing evidence of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Remember if you are supplying your driving licence as evidence of identification it must be both the paper element as well as the photo card part, one is not acceptable without the other.
Verification of the source of monies is mandated in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor must retain this information on record. Your Chesham conveyancing practitioner will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask further questions regarding the source of funds.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Chesham. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/5/2022, the requirements read as follows :
A colleague advised me that if I am purchasing in Chesham I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Chesham conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Chesham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Chesham Education with maps and statistics, Local Amenities and other useful information regarding Chesham.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Chesham is where the house is located. Is there any advice you can impart?
Flying freeholds in Chesham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chesham you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chesham 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 property.
My father-in-law has recommend that I instruct his conveyancers in Chesham. Should I use them?
There are no two ways about it the ideal way to choose a conveyancing practitioner is to get feedback from friends or family who have actually previously instructed the conveyancer that you are are thinking of instructing.
Planning to sign contracts shortly on a ground floor flat in Chesham. Conveyancing solicitors assured me that they report fully next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Chesham should include some of the following:
Are pets allowed in the flat? What you can do if another tenant in the building is in violation of a provision in their lease? Repair and maintenance of the flat Who has the liability to repair and maintain the main walls and foundations. It is important for you to know which party is responsible the repair and maintenance of all parts of the block and communal areas Details of the parties to the lease, for instance these could be the tennant, superior lessor, landlord
I inherited a garden flat in Chesham, conveyancing was carried out in 1999. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Chesham with a long lease are worth £227,000. The average or mid-range amount of ground rent is £50 yearly. The lease expires on 21st October 2094
You have 72 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.