What does my ID and proof of funds have anything to do with my conveyancing in Hartlepool? What am I being asked for?
In order to comply with Money Laundering Regulations any Hartlepool conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility account evidencing where you reside.
Under Money Laundering Regulations, conveyancing solicitors are duty bound to investigate not only the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to notify the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
We just had an offer accepted to purchase with Norwich and Peterborough Building Society. We have called around locally but am unable to find a Hartlepool conveyancing firm on the Norwich and Peterborough Building Society panel. Can you help?
Feel free to make use of the find a conveyancing panel solicitor tool on this web page. Pick the lender and type Hartlepool or your location and you will see a number of lawyer offices in Hartlepool or nearest you.
I am due to move property in January. Should my conveyancing solicitor communicate with the removal company on the day of completion. As an aside, can you recommend a removal company in Hartlepool. Conveyancing solicitor was chosen before I stumbled across this page.
On the day of completion you can pick up the keys from your selling agent but this should only be done once the sellers lawyers confirm to the agent that the monies to complete are in and the keys can be passed over. Subsequently you can tell the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal company but can help you find a conveyancing in Hartlepool or a lawyer that specialises in conveyancing in Hartlepool.
I have decided to exercise my right to buy my property in Hartlepool off the council. I have a mortgage agreed with Skipton. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
I have a mortgage with RBS for my property in Hartlepool. Conveyancing was finalised a year ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform RBS?
You must advise RBS in advance of renting your property as this is likely to be a breach of RBS’s mortgage conditions. In many cases banks or building societies 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 RBS directly. It should not be necessary to do this via a RBS conveyancing panel firm.
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who dealt with the conveyancing in Hartlepool 10 years ago no longer exist. What do I do?
Assuming the title is registered the details of your proprietorship will be retained by the Land Registry with a Title Number. It is easy to perform a search at the Land Registry, locate your property and obtain up to date copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will in most cases retain a certified duplicate of the Registered Lease and again, a copy can be retrieved for a small fee.
I am looking into buying my first house which is in Hartlepool and I am already nervous. I couldn't find anything specific about Hartlepool. Conveyancing will be needed in due course but do you know about the Hartlepool area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hartlepool. In the meantime here are some basic statistics that we found
I am tempted by the attractive purchase price for a couple of maisonettes in Hartlepool both have about 50 years unexpired on the leases. Will this present a problem?
There are plenty of short leases in Hartlepool. The lease is a right to use the property for a prescribed time frame. As the lease shortens the saleability of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this area.
I invested in buying a 1 bedroom flat in Hartlepool, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Hartlepool with a long lease are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease finishes on 21st October 2077
With only 54 years left to run we estimate the premium for your lease extension to be between £32,300 and £37,400 plus 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 supply the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.