In what way does my ID and proof of funds have anything to do with my conveyancing in Killingworth? Why is this being asked of me?
Killingworth conveyancing solicitors and indeed property lawyers accross the UK have an obligation under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Proof of source of monies is also necessary under the money laundering statutes as conveyancers are duty bound to investigate 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 buying mortgage free) has come from legitimate source (such as an inheritance) rather than the fruits of criminal behaviour.
My grandfather passed away last year and as sole heir and executor I was left the property in Killingworth. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this possible?
Given you intend to re-mortgage then Nottingham will require that you use a conveyancer on the Nottingham conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nottingham conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nottingham mortgage is registered as a charge at the Land Registry.
Do commercial conveyancing searches reveal proposed roadworks that may impact a commercial land in Killingworth?
Many commercial conveyancing solicitors in Killingworth will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Killingworth. The search result sets out definitive data 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 Killingworth.
For every commercial conveyancing transaction in Killingworth it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Killingworth commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Killingworth.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Killingworth is the location of the property. Is there any advice you can impart?
Flying freeholds in Killingworth are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Killingworth you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Killingworth 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 premises.
I need to find a conveyancing solicitor for residential conveyancing in Killingworth. I have chance upon a web site which looks to be the ideal offering If it is possible to get all this stuff done via web that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Back In 2008, I bought a leasehold house in Killingworth. Conveyancing and Lloyds TSB Bank mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Killingworth who acted for me is not around. Any advice?
First make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Killingworth conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Killingworth Leasehold Conveyancing - Examples of Queries Prior to buying
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The majority of Killingworth leasehold apartments will have a service bill for the upkeep of the block invoiced by the freeholder. If you acquire the flat you will have to meet this contribution, usually in instalments accross the year. This could be anything from a few hundred pounds to thousands of pounds for blocks with lifts and large communal areas. In all probability there will be a rentcharge for you to pay annual, this is usually not a exorbitant amount, say about £50-£100 but you should to check as sometimes it can be many hundreds of pounds. Be sure to discover if there are any onerous restrictions in the lease. By way of example it is reasonably common in Killingworth leases that pets are not permitted in in a block in Killingworth. If you love the propertyin Killingworth yet your cat is not allowed to make the move with you then you will be faced difficult determination. Please note that where the lease has less than 80 years it will impact the salability of the apartment. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will almost definitely require a lease extension sooner rather than later and it is worth discovering what this will be. Remember, in most cases you will be be obliged to have owned the residence for a couple of years in order to be eligible to extend the lease.