I am getting a mortgage with Santander. I hope to use a Licensed Conveyancer in Sea Mills. Does the Santander Solicitor panel allow for conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
In what way does my ID and proof of funds have anything to do with my conveyancing in Sea Mills? Is this really warranted?
You are right in these requests have nothing to do with conveyancing in Sea Mills. Nowadays you will not be able to complete any conveyancing process in the absence handing over evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Please note that if you are supplying 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 acceptable in the absence of the other.
Evidence of your source of monies is mandated under Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer will need to retain this information on file. Your Sea Mills conveyancing solicitor 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 additional questions regarding the source of funds.
What can a local search tell me concerning the property my wife and I buying in Sea Mills?
Sea Mills conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search plays a central part in many a Sea Mills conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
Have completed on a a semi-detached house in Sea Mills , how long should it take for the Land Registry to register the transfer to my name? My Sea Mills conveyancing solicitor has been painfully slow, so I want to be certain the registration formalities are dealt with.
There is nothing unique when it comes to conveyancing in Sea Mills registration formalities. Rather than based on location, timescales can differ depending on who lodges the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. As of today in the region of 80% of such applications are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Registration is effected after the buyer is living at the property so post completion formalities is not always an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor must contact the land registry and explain the circumstances.
I am buying a new build apartment in Sea Mills. Conveyancing is daunting 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 conveyancing.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Sea Mills
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.
I work for a busy estate agent office in Sea Mills where we have experienced a few leasehold sales put at risk due to leases having less than 80 years remaining. I have been given contradictory information from local Sea Mills conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can instigate the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a split level flat in Sea Mills, conveyancing formalities finalised in 2008. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Sea Mills with an extended lease are worth £260,000. The ground rent is £45 yearly. The lease ends on 21st October 2100
You have 74 years left to run we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.