Souldinstructing a Shacklewell conveyancing practitioner make the ownership transfer smoother?
In the main conveyancing solicitors in your area will benefit from excellent connections with your local authority, which can help with your Shacklewell conveyancing searches that your conveyancer will require on your transaction. It can only be a plus if they enjoy existing relationships with the Local Land Registry Office your area Shacklewell, other property lawyers in the area and Shacklewell Estate Agents.
In what way does my ID and proof of funds have anything to do with my conveyancing in Shacklewell? Is this really necessary?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with before they can accept their conveyancing instruction. The Terms and Conditions that you need to sign will no doubt confirm this. Your lender will also require certain documents to be viewed. Should you refuse to supply ID verification documents, your lawyer would not be able to act for you.
I decided to have a survey completed on a house in Shacklewell in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some lenders may refuse to give a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Shacklewell. Conveyancing may be slightly more expensive based on your lender's requirements.
Given that I will soon spend 450k on a terraced house in Shacklewell I would like to have a conversation with the conveyancer about mytransaction ahead of giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor who will be doing your property ownership legalities in Shacklewell.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The law firms that we put you in touch with believe that the figure you are quoted for residential conveyancing in Shacklewell should be the figure that you are charged.
Can you provide any advice for leasehold conveyancing in Shacklewell with the purpose of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Shacklewell can be reduced where you get in touch lawyers the minute your agents start marketing the property and request that they start to put together the leasehold documentation which will be required by the buyers’ solicitors. A minority of Shacklewell leases require Licence to Assign from the landlord. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers. You may think that you are aware of the number of years remaining on your lease but it would be advisable double-check via your solicitors. A purchaser's lawyer will be unlikely to recommend their client to to exchange contracts if the lease term is less than 80 years. In the circumstances it is important at an early stage that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you are supposed to have a share in the Management Company, you should make sure that you have the original share document. Obtaining a re-issued share certificate is often a lengthy process and delays many a Shacklewell home move. Where a reissued share certificate is necessary, you should approach the company officers or managing agents (where applicable) for this sooner rather than later.
I am the registered owner of a basement flat in Shacklewell. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?
if there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Lease Extension case for a Shacklewell property is 5C Stoke Newington Road in April 2010. the Tribunal therefore concludes that the premium to be paid for the extended lease is £700.00 This case was in relation to 1 flat. The remaining number of years on the lease was 80.5 years.
Why do I have to supply my conveyancer with a list of items of ID ahead of starting selling or purchasing a property in Shacklewell?
Shacklewell solicitors are required by the Law Society, SRA, HM Land Registry and current Money Laundering Regulations to certify that the have checked the identity of their clients. It is also sometimes a requirement of your bank if you are obtaining a mortgage. In addition they have to complete various forms, particularly those relating to SDLT and need to have information such as your full names, national insurance number and DOB.