What does my ID and proof of funds have anything to do with my conveyancing in Cuckfield? Why is this being asked of me?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Cuckfield. However these days you can not complete any conveyancing process in the absence submitting 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 ID it needs to be both the paper part as well as the photo card part, one is not acceptable in the absence of the other.
Evidence of your source of funds is required under Money Laundering Regulations. You should not be offended when when this is requested of you as your lawyer must retain this information on record. Your Cuckfield conveyancing lawyer 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 additional queries regarding the origin of monies.
Are the BSA intent on creating a online directory to list firms on the Loughborough BS conveyancing panel for example in Cuckfield?
We are not aware of any intention on the part of the BSA to develop such a search facility.
My father informed me that in purchasing a property in Cuckfield there may be various restrictions as to what one can do in terms of external changes to a property. Is this right?
We are aware of anumerous of properties in Cuckfield which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Cuckfield should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The mortgage over my property is with Nationwide for my property in Cuckfield. Conveyancing has been completed some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nationwide?
Nationwide must be informed of your intention before renting your property as this is likely to be a breach of Nationwide’s mortgage conditions. It may be that Nationwide will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. You need not do this via a Nationwide conveyancing panel solicitor.
The formalities of my remortgage has taken place for my property in Cuckfield. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
The deeds to our house can not be found. The solicitors who dealt with the conveyancing in Cuckfield 5 years ago have long since closed. What are my next steps?
As long as the title is registered the details of your proprietorship will be recorded by HMLR with a Title Number. It is easy to carry out a search at the Land Registry, identify your house and secure up to date copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will also normally retain a certified copy of the Registered Lease and again, a copy can be obtained for a small fee.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Cuckfield is the location of the property. Is there any guidance you can impart?
Flying freeholds in Cuckfield are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cuckfield you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cuckfield may determine 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.
I am a negotiator for a busy estate agency in Cuckfield where we have experienced a number of leasehold sales put at risk due to leases having less than 80 years remaining. I have received conflicting advice from local Cuckfield conveyancing firms. Could you confirm whether the owner of a flat can start the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Leasehold Conveyancing in Cuckfield - A selection of Questions you should ask Prior to buying
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How much is the ground rent and service charge? How many years are left on the lease? This question is useful as a) areas could cause problems for the block as the common areas may begin to deteriorate if services remain unpaid b) if the leasehold owners have a dispute with the managing agents you will want to have all the details