In what way does my ID and proof of funds have anything to do with my conveyancing in Southport? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Southport conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you reside.
In accordance with Money Laundering Regulations, property lawyers are obliged by law to validate not just the identity of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this may result in your solicitor terminating 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 inform the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
I note that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when purchasing a house in Southport? or I am told that there is a law dating back centuries that means some house owners residing in a parish church boundary may be liable to pay for maintenance towards the chancel within the church. Is this applicable for conveyancing in Southport?
Unless a prior acquisition of the property completed after 12 October 2013 you can expect lawyers delivering conveyancing in Southport to remain encouraging a chancel search and or chancel repair liability policy.
The deeds to our property are lost. The conveyancers who dealt with the conveyancing in Southport 10 years ago are no longer around. What are my options?
As long as you have a registered title the information relating to your proprietorship will be documented by the Land Registry with a Title Number. It is possible to execute a search at the Land Registry, find your house and secure current copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will also normally retain a file copy of the Registered Lease and again, a copy can be retrieved for a small fee.
What makes your site different to alternative web based conveyancing solicitors when it comes to conveyancing in Southport?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Southport. Unlike many estate agents and many comparison sites we do not have commission deals with solicitors. Many agents and online brokers 'recommend' the firm that pays the most commission, as opposed to the best value conveyancing in Southport
I've recently bought a leasehold property in Southport. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a 1 bedroom flat in Southport, conveyancing was carried out in 2006. How much will my lease extension cost? Similar properties in Southport with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 per annum. The lease comes to an end on 21st October 2099
With 74 years left to run the likely cost is going to span between £8,600 and £9,800 as well as costs.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
We are in the throes of a leasehold sale of a flat in Southport. Conveyancing solicitors are doing their job but we are being charged a fortune by the landlord. So far we have paid £237 for a leasehold management pack and then a further £118 for additional queries raised by the purchaser's conveyancing practitioner.
You will not have any say over the level of the charges for this information however the typical fee for the information for Southport leasehold property is £360. For Southport conveyancing transactions it is customary for the seller to pay for these charges. The freeholder or their agents are not duty bound to answer such questions most will agree to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no statute that requires capped charges for administrative tasks. There is no legal time limit by which they are required to supply answers.