What does my ID and proof of funds have anything to do with my conveyancing in Motspur Park? Is this really necessary?
Motspur Park conveyancing solicitors and indeed property practitioners accross the UK have a duty under money laundering regulations to verify 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 ID (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill no more than three months).
Proof of source of funds is also required under the money laundering statutes as lawyers are mandated to investigate that the money you are using to acquire a property (whether it be the deposit for exchange or the full purchase monies where you are buying mortgage free) has originated from legitimate source (such as employment savings) rather than the fruits of illegitimate activity.
We're in Motspur Park, First timers purchasing with a mortgage (lender is Aldermore , and our lawyer is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The lawyers who conducted the conveyancing in Motspur Park 5 years ago are no longer around. What do I do?
In today’s world there are duplicates made of almost everything, and your solicitor should be aware precisely where to look for all the relevant paperwork so you can purchase or dispose of your property without any difficulty. If duplicates are not available, your solicitor may be able to put in place insurance or indemnities protecting you against future claims on your property.
I am downsizing from my house. My past lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Motspur Park if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Motspur Park. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
We're FTB’s - agreed a price, but the property agent advised that the vendor will only issue a contract if we appoint their chosen solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family solicitor used to conveyancing in Motspur Park
We suspect that the owner is unaware of this ultimatum. Should the seller desire ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to go, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you intend to instruct your own,trusted Motspur Park conveyancing lawyers - not the ones that will provide their negotiator at the agency a referral fee or hit his conveyancing figures demanded by senior management.
Despite our best efforts, we have been unsuccessful in negotiating a lease extension in Motspur Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to judgment on the premium.
An example of a Lease Extension matter before the tribunal for a Motspur Park flat is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case affected 1 flat. The unexpired residue of the current lease was 60.43 years.
Are there common deficiencies that you come across in leases for Motspur Park properties?
There is nothing unique about leasehold conveyancing in Motspur Park. All leases are drafted differently and drafting errors can sometimes mean that certain sections are erroneous. The following missing provisions could result in a defective lease:
A provision to repair to or maintain elements of the premises A provision for the recovery of money spent for the benefit of another party.
You could have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, The Mortgage Works, and Godiva Mortgages Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to withdraw.