In what way does my ID and proof of funds have anything to do with my conveyancing in Hurst Green? Is this really warranted?
Hurst Green conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under money laundering regulations to check the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).
Proof of the origin of funds is also required under the money laundering laws as lawyers are required to investigate that the monies you are using to purchase a property (be it the exchange deposit or the full purchase amount if you are a cash purchaser) has originated from an acceptable source (such as an inheritance) and is not the proceeds of illegitimate behaviour.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The conveyancers who did the conveyancing in Hurst Green 4 years ago no longer exist. What do I do?
As long as the title is registered the information relating to your proprietorship will be held by HMLR with a Title Number. It is possible to carry out a search at the Land Registry, identify your house and order current copies of the property title for a small fee. If the title is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be retrieved for a small fee.
How does conveyancing in Hurst Green differ for new build properties?
Most buyers of new build premises in Hurst Green approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in Hurst Green typically acquire the real estate, 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 accustomed to new build conveyancing in Hurst Green or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Hurst Green ahead of instructing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend not grant a mortgage on a flying freehold house.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hurst Green. Conveyancing will be smoother if you use a solicitor in Hurst Green especially if they are accustomed to such properties in Hurst Green.
My husband and I are new on the property ladder - agreed a price, but the agent has warned us that the owners will only go ahead if we use the agent's recommended conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local conveyancer who is accustomed to conveyancing in Hurst Green
It is highly unlikely the sellers are behind this. Should the seller require ‘a quick sale', alienating a serious buyer is not the way to achieve this. Contact the sellers directly and make the point that (a)you are serious purchasers (b)you are ready to progress, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you are going to use your own,trusted Hurst Green conveyancing solicitors - rather thanthe ones that will earn their estate agent a introducer fee or achieve conveyancing figures set by head office.
Looking forward to exchange soon on a basement flat in Hurst Green. Conveyancing lawyers have said that they are sending me a report tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Hurst Green should include some of the following:
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Repair and maintenance of the premises How long the lease is. You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years You should know if the lease allows you to add or improve anything in the property- you should know whether it relates to all alterations or limited to structural alteration, and whether permission is mandated necessary You should have a good understanding of the insurance requirements Whether your lease caters for for a slush account for major works?
Leasehold Conveyancing in Hurst Green - Examples of Questions you should consider before Purchasing
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Generally speaking the outlay for major works tend not to be wrapped into the service charges, albeit that a few managing agents in Hurst Green require tenants to pay into a reserve fund and this is used to offset against major works. It would be a good idea to enquire if there is anything that is prohibited in the lease. By way of example it is very common in Hurst Green leases that pets are not permitted in certain buildings in Hurst Green. If you love the propertyin Hurst Green however your dog is not allowed to move with you then you have a very difficult decision. It is important to be aware if redecorating or some other significant cost is pending that will be shared amongst the tenants and will materially impact the level of the service costs or require a one time invoice.