In what way does my ID and proof of funds have anything to do with my conveyancing in Fareham? Is this really necessary?
Fareham conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill no older than three months).
Proof of source of monies is also necessary under the money laundering statutes as conveyancers are required to ensure that the monies you are utilising to buy a property (whether it be the deposit for exchange or the total purchase price where you are a cash purchaser) has originated from a reputable source (such as an inheritance) as opposed to the proceeds of illegitimate activity.
Will commercial conveyancing searches disclose proposed roadworks that may impact a commercial land in Fareham?
Many commercial conveyancing solicitors in Fareham will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Fareham. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Fareham.
For every commercial conveyancing transaction in Fareham it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Fareham commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Fareham.
Just bought a detached house in Fareham , What is the estimated time for the Land Registry to register the transfer to my name? My Fareham conveyancing solicitor has been painfully slow, so I want to be certain that my ownership is recorded.
As far as conveyancing in Fareham is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can vary depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any 3rd parties. At present approximately 80% of submission are fully dealt with in less than three weeks but occasionally there can be protracted delays. Registration takes place after the new owner has moved in to the premises so 'speed' is not usually an essential issue yet if it is urgent that the the registration takes place urgently then you or your solicitor could speak with the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build flat in Fareham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Fareham
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Having checked my lease I have discovered that there are only 62 years unexpired on my flat in Fareham. I now want to extend my lease but my freeholder is missing. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to prove that you or your lawyers have made all reasonable attempts to track down the freeholder. In some cases an enquiry agent should be useful to conduct investigations and to produce an expert document to be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s absence and the application to the County Court overseeing Fareham.
I own a ground floor flat in Fareham, conveyancing was carried out 7 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Fareham with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease runs out on 21st October 2100
With 75 years left to run we estimate the price of your lease extension to be between £8,600 and £9,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
What is the reason for new build conveyancing in Fareham being more expensive?
Conveyancing in Fareham for newly converted or new build premises usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental investigations and contractual concerns.