In what way does my ID and proof of funds have anything to do with my conveyancing in West Cross? Is this really necessary?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with before they can accept their conveyancing retainer. The Client Care letter that you need to sign should reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to supply identification documents, your lawyer would not be able to act for you.
Do I have to pop into the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in West Cross so that I can attend their offices if necessary.
As opposed to ten years ago, the vast majority lenders no longer require their conveyancing panel lawyer to witness the borrowers signature. You will still be obliged to supply identification documents and there are still distinct benefits to using a local solicitor, in your case a conveyancing solicitor in West Cross.
Have completed on a a semi-detached house in West Cross , how long should it take for the Land Registry to record my title? My West Cross conveyancing solicitor works at snail pace, so I want to be sure the registration is addressed.
As far as conveyancing in West Cross is concerned, registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can vary depending on the party submitting the application, whether there are errors and whether the Land registry need to notify any interested parties. As of today roughly three quarters of submission are completed within two weeks but some can be subject to longer delays. Registration occurs once the purchaser is living at the premises therefore post completion formalities is not typically an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
I'm purchasing my first flat in West Cross with the aid of help to buy. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not inform my conveyancer about this side-deal as it would put at risk my mortgage with Virgin Money. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
We are a fortnight into a freehold purchase having been referred to solicitors by the high street agent to carry out the conveyancing in West Cross. I am am very disappointed with the level of service. Can you you assist me in finding new lawyers?
They would have to be very poor in order to consider diss instructing them. Has your mortgage been sent? In the event that it has you need to inform them of the new lawyer and have the mortgage documents are re-issued. The conveyancer should be on the banks panel to avoid added costs and complications. So that should be your first question of the new conveyancers. Our find a solicitor tool should assist you in finding a lender approved lawyer for your conveyancing in West Cross
Planning to exchange soon on a basement flat in West Cross. Conveyancing solicitors have said that they report fully within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in West Cross should include some of the following:
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What the implications are if you are in breach of your lease terms? Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Repair and maintenance of the property Rent payments - what is due and when you need to pay, and be on notice if this will change in the future The physical extent of the premises. This will be the property itself but could also incorporate a loft or storage are if relevant.
I bought a studio flat in West Cross, conveyancing formalities finalised in 1999. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in West Cross with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 yearly. The lease terminates on 21st October 2077
With only 53 years unexpired we estimate the price of your lease extension to be between £27,600 and £31,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.