I am in need of a property lawyer. Should I go for for an online conveyancer as opposed to a high street Moreton conveyancing solicitor?
Existing third party connections are another important factor to consider when appointing conveyancing solicitors. Moreton conveyancers often have connections with mortgage brokers and estate, local authorities, surveyors and other law firms meaning you will move in shortest possible time. Possessing a well rounded knowledge of the local area is an advantage.
What does my ID and proof of funds have anything to do with my conveyancing in Moreton? Is this really necessary?
It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Moreton. Nowadays you will not be able to proceed with any conveyancing transaction if you have not handing over evidence of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Please note that if you are providing your driving licence as proof of identification it needs to be both the paper element as well as the photo card part, one is not satisfactory in the absence of the other.
Verification of the origin of money is mandated under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancer will need to have this information on record. Your Moreton conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask further questions concerning the origin of monies.
Me and my brother purchased a semi-detached Edwardian house in Moreton. Conveyancing lawyer acted for me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Moreton and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Moreton I like with amenity areas and station in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Moreton for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Do I need to be suspicious by 3rd parties that I am dealing with are suggesting a nationwide conveyancing firm as opposed to a local Moreton conveyancing firm?
As with lots of professional services, often referrals from family and friends can be very helpful. Yet there are numerous people with a keen interest in a conveyancing matter; estate agents, mortgage brokers and banks may suggest lawyers to use. On occasion these solicitors might be known to one of the organisations as one of the best in their field, but occasionally there might be a commercial relationship behind the endorsement. You are free to select your preferred conveyancer. However, bear in mind that some mortgage providers operate an approved list of solicitors you are obliged to use for the mortgage related work in your transaction.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £225,000 garden flat in Moreton in just under a week. The landlords agents has quoted £336 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Moreton?
Moreton conveyancing on leasehold flats typically results in administration charges levied by landlords agents :
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Answering conveyancing due diligence enquiries
Where consent is required before sale in Moreton
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I acquired a basement flat in Moreton, conveyancing was carried out in 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Moreton with an extended lease are worth £190,000. The ground rent is £45 levied per year. The lease finishes on 21st October 2087
With just 62 years remaining on your lease the likely cost is going to be between £17,100 and £19,800 as well as 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 tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.