What does my ID and proof of funds have anything to do with my conveyancing in Overton? Is this really necessary?
To satisfy the Money Laundering Regulations any Overton conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancers are obliged by law to validate not only the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. An unwillingness to disclose this may result in your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers are duty bound to notify the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I am buying a house and the lawyer has mentioned Chancel Repair for which the property may be obligated to contribute to as it falls into the area of such a church. He has mentioned insurance. Is this really appropriate for conveyancing in Overton
Unless a prior purchase of the house completed after 12 October 2013 you can expect solicitors handling conveyancing in Overton to continue to advocate a chancel search and or chancel repair liability insurance.
I moved into my home on 6 November and my personal details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Overton advises it would be formalised inside ten days. Are titles in Overton uniquely lengthy to register?
There is nothing unique about conveyancing in Overton registration formalities. Rather than based on location, timescales can vary depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any other persons or bodies. At present approximately three quarters of submission are fully addressed in less than three weeks but some can be subject to protracted hold-ups. Registration occurs once the new owner is living at the premises so registration formalities is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Overton differ for new build properties?
Most buyers of new build residence in Overton contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Overton typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Overton or who has acted in the same development.
My step-father has encouraged me to use his conveyancing solicitors in Overton. Should I choose my own conveyancer?
Much as we are happy to recommend a Overton conveyancing lawyer the ideal way to find a conveyancing practitioner is to have guidance from friends or family who have actually used the firm you're contemplating using.
Can you offer any advice when it comes to choosing a Overton conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Overton conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Overton conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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If the firm is not ALEP accredited then why not? What are the charges for lease extension work?
I bought a ground floor flat in Overton, conveyancing formalities finalised January 2011. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Overton with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £60 charged once a year. The lease ceases on 21st October 2081
With just 56 years left to run the likely cost is going to span between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.