In what way does my ID and proof of funds have anything to do with my conveyancing in Teddington? What am I being asked for?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Teddington. Nowadays you will not be able to complete any conveyancing transaction without first handing over evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a utility bill. Remember if you are supplying your driving licence as proof of identification it must be both the paper section and photo card part, one is not sufficient in the absence of the other.
Evidence of the source of money is mandated in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer will need to have this information on record. Your Teddington conveyancing practitioner will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask further questions regarding the origin of funds.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would prefer to appoint a specialised conveyancing solicitor in Teddington?
You should check but the chances are that give you one of their panel lawyers should you accept the "fee-free" offer. Speak to the bank to ask if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Teddington.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Teddington?
Two types of professional can conduct conveyancing in Teddington namely licenced conveyancers or solicitors. The two can administer the legal services that required to complete the sale or acquisition of property. Both are required to perform Teddington conveyancing to the same standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly carried out and that the necessary steps should be suitably taken.
Have just purchased a repossessed house at auction in Teddington. Conveyancing is necessary. What is next?
Having to in every practical sense signed on the dotted line you will need to instruct a conveyancing practitioner as a matter of urgency as you are facing a fast approaching deadline in which to complete the deal. An auction property will ordinarily have an associated auction set of papers. This will likely include most,if not all of the documents that your solicitor will need. Where you are dealing with leasehold premises the legal papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You need to hand this to the solicitor working for you ASAP. Do make sure that that you have the requisite funding in place to complete on the on the contractual date .
We previously selected solicitors based in Teddington on the HSBC solicitor panel. They are now charging me a separate fee for the legal aspects of the HSBC mortgage. Is this a supplemental conveyancing fee set by HSBC?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your conveyancing practitioner is entitled to charge a fee for this. The charge is not set by HSBC but by your Teddington property lawyer. Numerous firms on the HSBC panel will quote an ‘acting for lender’ fee but many practices incorporate it on their overall fee.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Teddington. 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.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Teddington
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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? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Taking into account that I will soon part with hundreds of thousands of pounds on 3 bedroom house in Teddington I would like to have a conversation with the solicitor about myconveyancing in advance of giving the go ahead to the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer who will be carrying out your conveyancing in Teddington.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter reference. The solicitors that we put you in touch with believe that the fees you are provided with for your conveyancing in Teddington should be the figure that you end up paying.
I've recently bought a leasehold property in Teddington. 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 owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure 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 leaseholder of a basement flat in Teddington. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for the purchase of the freehold?
if there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to judgment on the amount due.
An example of a Lease Extension decision for a Teddington property is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.