In what way does my ID and proof of funds have anything to do with my conveyancing in Kirkby Stephen? Why is this being asked of me?
Kirkby Stephen conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules 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 produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill no older than three months).
Confirmation of source of monies is also required under the money laundering laws as conveyancers are duty bound to check that the money you are using to purchase a property (be it the exchange deposit or the total purchase monies where you are buying without a mortgage) has originated from a reputable source (such as an inheritance) as opposed to the fruits of illegitimate behaviour.
I am looking to buy a property and require a conveyancing solicitor in Kirkby Stephen who is on the Skipton Building Society solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Skipton Building Society in certain locations such as Kirkby Stephen. We dont recommend any particular firm.
I have been told that property searches are the main cause of stalling in Kirkby Stephen house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Kirkby Stephen.
I have justbecome aware that Arc property Solicitors have closed. They carried out my conveyancing in Kirkby Stephen for a purchase of a leasehold apartment 10 months ago. How can I check that my home is not still registered in the name of the previous owner?
The easiest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Kirkby Stephen conveyancing specialists.
I need to find a conveyancing solicitor for leasehold conveyancing in Kirkby Stephen. I've chance upon a site which appears to be the ideal solution If there is a chance to get all the legals completed via email that would be ideal. Do I need to 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?
I am tempted by the attractive purchase price for a two maisonettes in Kirkby Stephen which have approximately 50 years unexpired on the leases. Will this present a problem?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the value of the lease decreases and results in it becoming more costly to acquire a lease extension. This is why it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this arena.
I inherited a 1 bedroom flat in Kirkby Stephen, conveyancing having been completed January 2004. 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? Corresponding properties in Kirkby Stephen with an extended lease are worth £202,000. The ground rent is £55 per annum. The lease ceases on 21st October 2078
With 56 years remaining on your lease we estimate the premium for your lease extension to be between £29,500 and £34,000 plus professional fees.
The figure 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 detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.