What does my ID and proof of funds have anything to do with my conveyancing in Datchet? Why is this being asked of me?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Datchet. Nowadays you will not be able to proceed with any conveyancing process without first supplying evidence of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are providing your driving licence as proof of ID it must be both the paper section as well as the photo card part, one is not acceptable in the absence of the other.
Evidence of the source of monies is required in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor will need to have this information on file. Your Datchet conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional queries regarding the source of funds.
Are the BSA planning on creating a online directory to list firms on the Loughborough BS conveyancing panel for instance in Datchet?
Lexsure has not been advised of any intention on the part of the BSA to promote such a search facility.
I have been told that property searches are the number one cause of hinderance in Datchet conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in Datchet.
What does commercial conveyancing in Datchet cover?
Commercial conveyancing in Datchet incorporates a wide array of services, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My husband and I are novice buyers - agreed a price, yet the property agent advised that the vendor will only issue a contract if we appoint the agent's recommended solicitors as they want an ‘expedited deal’. We would rather use a local solicitor used to conveyancing in Datchet
We suspect that the seller is not behind this request. If they want ‘a quick sale', turning down a motivated buyer is is going to put the whole deal at risk. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you will continue to appoint your own,trusted Datchet conveyancing lawyers - rather thanthose that will earn the negotiator at the agency a commission or hit his conveyancing thresholds set by corporate headquarters.
I would like to sublet my leasehold apartment in Datchet. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
Your lease governs relations between the freeholder and you the leaseholder; in particular, it will say if subletting is not allowed, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Datchet do not prevent subletting altogether – such a provision would undoubtedly devalue the flat. In most cases there is a basic requirement that the owner notifies the freeholder, possibly sending a duplicate of the tenancy agreement.
I own a split level flat in Datchet, conveyancing was carried out December 2005. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Datchet with an extended lease are worth £260,000. The ground rent is £45 per annum. The lease terminates on 21st October 2099
With only 74 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.