Our son is purchasing a new build apartment in Maldon with a home loan from Leeds Building Society. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
In what way does my ID and proof of funds have anything to do with my conveyancing in Maldon? Why is this being asked of me?
Maldon conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill no more than three months).
Proof of source of funds is also required under the money laundering laws as solicitors are mandated to check that the monies you are utilising to purchase a property (whether it be the deposit for exchange or the total purchase monies if you are a cash purchaser) has originated from legitimate source (such as employment savings) as opposed to the fruits of illegitimate behaviour.
What is your number one tip for finding a conveyancing solicitor in Maldon
Do not opt for the cheapest Maldon conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am assisting my niece sell her house in Maldon. Does the conveyancer arrange the energy assessment or it is for the owner to see to?
After the abolition of Home Information Packs, energy performance certificates was kept a mandatory element of selling a house. An EPC must be to hand in advance of the property being advertised. It is not a task that solicitors ordinarily organise. Where you are instructing a Maldon conveyancing practitioner they might be able to arrange energy assessments given their contacts with long established local energy assessors
This question may be naive but I am new to the process as a first time purchaser of a ground floor flat in Maldon. Do I receive the keys to the house on the completion date from my conveyancer? If this is the case, I will find a High Street conveyancing solicitor in Maldon?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the seller's solicitors, and shortly after the monies have arrived, you should be invited to collect the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
We're novice buyers - had an offer accepted, yet the agent informed us that the vendor will only proceed if we use their preferred lawyers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family conveyancer used to conveyancing in Maldon
It is highly unlikely the owners are driving this. If they want ‘a quick sale', alienating a motivated purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances in place © you do not need to sell (d) you wish to move quickly (e)however you will continue to use your own,trusted Maldon conveyancing firm - not the ones that will give the negotiator at the agency a kickback or achieve conveyancing thresholds demanded by corporate headquarters.
I am on look out for some leasehold conveyancing in Maldon. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and most are in Maldon - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a split level flat in Maldon, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Maldon with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease finishes on 21st October 2092
With 71 years left to run the likely cost is going to be between £9,500 and £11,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
I require the services of a bank panel solicitor in Maldon. Could you help me?
Unfortunately it’s not apparent why you need a Maldon panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Maldon are on their panel . If you do find such a firm in Maldon not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site