What does my ID and proof of funds have anything to do with my conveyancing in West Norwood? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with before they can accept their conveyancing instruction. The Client Care letter that you are required to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you refuse to supply identification documents, your lawyer would not be able to accept instructions from you.
We're in West Norwood, FTBs buying with a mortgage (lender is Bank of Ireland , and our lawyer is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I require fast conveyancing in West Norwood as I am under a deadline to exchange contracts within one month. Thankfully I do not require a mortgage. Can I escape the need for conveyancing searches to save money and time?
As you are are a cash purchaser you have the choice not to do searches although no lawyer would suggest that you don't. With lots of history conveyancing in West Norwood the following are examples of issues that can be revealed and therefore impact the marketability of the property: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
The deeds to our property are lost. The solicitors who conducted the conveyancing in West Norwood 5 years ago have long since closed. Will I be able to sell the house?
You no longer need to hold title original deeds to evidence that you are the registered proprietor of land or property, given that the Land Registry have everything they need in a digital format.
What is different about your site and other internet conveyancing brokers for conveyancing in West Norwood?
At this site obtain a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in West Norwood. Unlike many estate agents and many comparison sites we do not charge firms a commission if you select them for your home move in West Norwood
I work for a reputable estate agency in West Norwood where we have experienced a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have received inconsistent advice from local West Norwood conveyancing solicitors. Could you confirm whether the seller of a flat can start the lease extension process for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a West Norwood conveyancing firm to assist?
if there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to calculate the sum to be paid.
An example of a Freehold Enfranchisement decision for a West Norwood flat is 172 Knollys Road in February 2012. On 13 September 2011 District Judge Guinan made a vesting order and the proceedings were transferred to the tribunal for the purpose of assessing the premium which was subsequently calculated to be £24,003 This case affected 4 flats. The unexpired residue of the current lease was 98.28 for 3 flats other than the garden flat which had 66.04 years remaining.