What does my ID and proof of funds have anything to do with my conveyancing in Christchurch? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with before they can accept their conveyancing retainer. The Terms of Engagement that you are required to sign should confirm this. Your lender will also require certain documents to be viewed. If you are unwilling to hand over identification documents, your solicitor can not take you on as a client.
I am purchasing a new build house in Christchurch with the aid of help to buy. The developers would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep told me not disclose to my conveyancer about the side-deal as it may put at risk my mortgage with Virgin Money. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Christchurch is the location of the property. Can you offer any assistance?
Flying freeholds in Christchurch are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Christchurch you would need to get your solicitor to go 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 Christchurch may ascertain 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 premises.
In sourcing the world wide web for the term cheap conveyancing in Christchurch it reveals numerous solicitorsin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for my move?
The best way of finding the right conveyancer is through a trusted recommendation, so enquire of colleagues and relatives who have bought a property in Christchurch or a reputable estate agent or mortgage broker. Fees for conveyancing in Christchurch vary, so it's a good idea to secure a minimum of four quotes from different companies. Be sure to secure confirmation what costs in the quote includes.
Estate agents have just been given the go-ahead to market my basement flat in Christchurch. Conveyancing has not commenced, but I have recently had a yearly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as usual as all rents and maintenance invoices should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a basement flat in Christchurch, conveyancing was carried out June 2002. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Christchurch with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 levied per year. The lease runs out on 21st October 2085
With just 64 years unexpired we estimate the premium for your lease extension to be between £14,300 and £16,400 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
We are looking to acquire a repossessed property in Christchurch and the bank selling would like to complete inside a week. Can a property lawyer meet that timeframe? Would it be better to use a high street Christchurch firm or an online firm that advertises to offer speedy conveyancing?
Visit your Christchurch shopping parade. Pop in to 3 firms and request to see a conveyancing solicitor for a quote. Discuss your requirements and get assurances on time frames. Appoint the firm that comes across as most genuine. Be sure to select a lawyer on the list of conveyancers approved by your bank.