In what way does my ID and proof of funds have anything to do with my conveyancing in Eccles? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Eccles. However these days you can not complete any conveyancing deal in the absence supplying proof of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are supplying your driving licence as evidence of identification it needs to be both the paper part and photo card part, one is not satisfactory in the absence of the other.
Proof of the origin of funds is mandated in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer will need to retain this information on record. Your Eccles conveyancing practitioner will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask further queries regarding the source of funds.
I am close to exchanging contracts on the sale of our property in Eccles and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Eccles conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using a web based conveyancing outfit rather than a conveyancing solicitor in Eccles. Having lived in Eccles for many years we know of no issue. Do we get in touch with our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
How does conveyancing in Eccles differ for new build properties?
Most buyers of new build property in Eccles approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is finished. This is because house builders in Eccles tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Eccles or who has acted in the same development.
I have been on the look out for a ground for flat up to £305k and identified one close by in Eccles I like with amenity areas and station nearby, however it's only got 52 years unexpired on the lease. There is not much else in Eccles in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan that many years will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
We are 3 weeks into a freehold purchase having been directed to solicitors by the high street agent to handle our conveyancing in Eccles. I am am very frustrated with the level of service. Can you you assist me in finding new solicitors?
A conveyancer would need to be very poor in order to consider replacing them. Has the mortgage offer been sent? If so you need to advise them of the new contact details and ensure the loan are re-issued. The conveyancer should be on the lenders panel to avoid supplemental fees and delays. That should be your starting point. The search tool can assist you in finding a bank approved solicitor for your home move in Eccles
Having had my offer accepted I require leasehold conveyancing in Eccles. Before diving in I require certainty as to the unexpired term of the lease.
If the lease is recorded at the land registry - and almost all are in Eccles - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Eccles - A selection of Questions you should consider before Purchasing
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Who manages the building? The best form of lease structure is where the freehold reversion is owned by the leaseholders. In this scenario the lessees enjoy control and although a managing agent is usually retained where it is larger than a house conversion, the managing agent is directed by the tenants. Many Eccles leasehold apartments will be liable to pay a service charge for maintenance of the block set by the management company. Should you acquire the apartment you will have to pay this charge, normally in instalments accross the year. This can differ from two or three hundred pounds to thousands of pounds for bigger purpose-built blocks. In all likelihood there will be a ground rent for you to pay yearly, this is usually not a large figure, say about £25-£75 but you should to check as occasionally it could be surprisingly expensive.