In what way does my ID and proof of funds have anything to do with my conveyancing in Thornaby on Tees? Is this really warranted?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Thornaby on Tees. Nowadays you will not be able to proceed with any conveyancing transaction without first providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are supplying your driving licence as evidence of ID it needs to be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.
Verification of the origin of monies is necessary under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor will need to have this information on record. Your Thornaby on Tees conveyancing lawyer will require evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask further questions regarding the source of funds.
This question may be naive but I am wet behind the ears as FTB of a ground floor flat in Thornaby on Tees. Do I pick up the keys to the property on the completion date from my conveyancer? If this is the case, I will use a local conveyancing solicitor in Thornaby on Tees?
On the day of completion you will not be required to attend the conveyancers office in Thornaby on Tees. Your solicitors will transfer the completion advance to the seller's lawyers, and shortly after the monies have arrived, you will be invited to pick up the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
I have today made my last payment due on my mortgage with Bank of Ireland. I assume I don't need a Thornaby on Tees solicitor on the Bank of Ireland panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
It is unclear whether my mortgage offer requires a lease extension. I have telephoned my Thornaby on Tees bank branch on a couple of occasions and was advised it wasn't an issue and they will lend. My Thornaby on Tees conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they will not lend in accordance with their specific requirements. I simply don't know who is right.
The conveyancer has to follow the Council of Mortgage Lenders’ Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I require quick conveyancing in Thornaby on Tees as I am under pressure to exchange contracts within one month. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
As you are are a cash buyer you have the choice not to have searches conducted although no solicitor would suggest that you don't. Drawing on our experience of conveyancing in Thornaby on Tees the following are instances of issues that can appear and adversely impact the marketability of the property: Enforcement Notices, Overdue Charges, Outstanding Grants, Railway Schemes,...
In what way does the Landlord & Tenant Act 1954 affect my commercial property in Thornaby on Tees and how can you help?
The 1954 Act provides protection to commercial leaseholders, giving them the dueness to make a request to court for a new tenancy and remain in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Thornaby on Tees
I only have Sixty One years left on my lease in Thornaby on Tees. I now wish to get lease extension but my landlord is can not be found. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to prove that you have made all reasonable attempts to locate the freeholder. On the whole a specialist would be helpful to conduct investigations and prepare a report which can be used as evidence that the landlord is indeed missing. It is wise to seek advice from a solicitor in relation to devolving into the landlord’s disappearance and the application to the County Court covering Thornaby on Tees.
Leasehold Conveyancing in Thornaby on Tees - Sample of Questions you should ask Prior to Purchasing
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Please inform me if there are any major works in the planning that could add a premium to the maintenance costs? Many Thornaby on Tees leasehold apartments will be liable to pay a service charge for maintenance of the building set on behalf of the landlord. If you purchase the property you will have to pay this contribution, usually quarterly accross the year. This may be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common grounds. There will also be a ground rent for you to pay yearly, normally this is not a exorbitant amount, say around £50-£100 but you should to check as on occasion it can be surprisingly expensive.
I have noted on numerous online forums that before selecting a conveyancing firm they need approved by your lender. I am a FTB but I have an AIP from Santander and I already have a bricks and morter conveyancing solicitor in Thornaby on Tees lined up. Will Santander insist on an approved conveyancer to be used? Does a directory of approved conveyancers even exist for my conveyancing in Thornaby on Tees?
You should instruct a solicitor that is on the Santander panel. Just call your chosen Thornaby on Tees conveyancing lawyer and ask if they are on the Santander panel. If they are not approved you have numerous choices open to you here:
- Carry on with your chosen Thornaby on Tees conveyancer but Santander will undoubtedly appoint a property lawyer from their approved panel. This will result in additional charges together with potential interruption.
- Choose a fresh property lawyer to act in the purchase, ensuring that they are on the Santander conveyancing panel.
- Convince your solicitor to do everything within their powers to join the Santander panel of solicitors.