In what way does my ID and proof of funds have anything to do with my conveyancing in Oldland? Is this really warranted?
Oldland conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client with a view 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 evidence of address (typically a Utility Bill no older than three months).
Evidence of the origin of funds is also necessary under the money laundering laws as lawyers are duty bound to ensure that the money you are using to purchase a property (whether it be the deposit for exchange or the full purchase price if you are a cash purchaser) has originated from legitimate source (such as employment savings) as opposed to the fruits of criminal activity.
My wife and I purchased a terraced Edwardian house in Oldland. Conveyancing lawyer acted for me and Aldermore. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the exact same property. Is it worth asking Aldermore to clarify?
You need to assess 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 Oldland and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing practitioner who conducted the purchase.
Just had an offer accepted on a new build apartment in Oldland. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Oldland
Please confirm the Lease plans are architect prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan.
I have been on the look out for a flat up to £235,500 and found one near me in Oldland I like with a park and transport links nearby, however it's only got 52 years unexpired on the lease. There is not much else in Oldland for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years may be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I am looking for a conveyancing solicitor in Oldland for my home move. Is it possible to check a firm’s complaints history with the profession’s regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) determinations arising from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA could recorded call for training requirements.
Can you offer any advice when it comes to finding a Oldland conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Oldland conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Oldland conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:
If the firm is not ALEP accredited then why not? What are the charges for lease extension work?
Oldland Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
This information is useful as a) areas can result in problems in the building as the common areas may start to deteriorate where services are not paid for b) if the leasehold owners have a dispute with the running of the building you will wish to have all the details Most Oldland leasehold flats will be liable to pay a service bill for maintenance of the building invoiced on behalf of the landlord. Should you purchase the property you will have to meet this charge, normally quarterly throughout the year. This can vary from a couple of hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all likelihood there will be a rentcharge for you to pay annual, ordinarily this is not a large figure, say approximately £50-£100 but you need to enquire as occasionally it can be many hundreds of pounds. Its a good idea to discover as much as possible about the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you are often at the mercy of the managing agents from a financial perspective and when it comes to every day issues such as the upkeep of the common parts. Ask other tenants what they think of their management. Finally, investigate as to the dates that the service fees are due to the managing agents and precisely what it includes.