Can the conveyancing lawyers identified via your search tool conduct attended exchange conveyancing in Killay?
There are a few conveyancing experts who can conduct attended exchanges. Do contact us to get a fee calculation and details as to dates.
What does my ID and proof of funds have anything to do with my conveyancing in Killay? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Killay. Nowadays you will not be able to proceed with any conveyancing process in the absence handing over evidence of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Please note that if you are supplying your driving licence as proof of ID it needs to be both the paper part as well as the photo card part, one is not satisfactory without the other.
Proof of the source of monies is mandated under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your conveyancing solicitor will need to retain this information on record. Your Killay conveyancing lawyer will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they will also ask further questions concerning the origin of funds.
Should our conveyancer be asking questions about flooding during the conveyancing in Killay.
The risk of flooding is if increasing concern for solicitors dealing with homes in Killay. Some people will buy a house in Killay, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, however there are a number of checks that can be initiated by the purchaser or on a buyer’s behalf which should figure out the risks in Killay. The standard completed inquiry forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard inquiry of the owner to determine if the premises has suffered from flooding. In the event that the premises has been flooded in past which is not revealed by the owner, then a buyer could issue a claim for damages as a result of such an inaccurate reply. A buyer’s solicitors will also order an enviro search. This should higlight if there is a recorded flood risk. If so, more detailed investigations will need to be carried out.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who did the conveyancing in Killay 5 years ago have long since closed. What are my next steps?
In today’s world there are copies made of almost everything, and your conveyancer will be aware precisely where to find all the appropriate paperwork so you may purchase or sell your property without a hitch. Where copies can’t be located, your conveyancer may be able to put in place insurance or indemnities protecting you against future claims on the property.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a simple, no chain conveyancing. Killay is the location of the property. Is there any advice you can give?
Flying freeholds in Killay are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Killay you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Killay may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I've recently bought a leasehold flat in Killay. Do I have any liability for service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a 1 bedroom flat in Killay, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Killay with over 90 years remaining are worth £170,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease expires on 21st October 2102
With just 78 years unexpired we estimate the price of your lease extension to be between £7,600 and £8,800 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.