In what way does my ID and proof of funds have anything to do with my conveyancing in Whitefield? Why is this being asked of me?
Whitefield conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to check the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to disclose two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).
Proof of the origin of monies is also necessary under the money laundering regulations as lawyers are duty bound to investigate that the monies you are utilising to purchase a property (whether it be the deposit for exchange or the full purchase amount where you are buying without a mortgage) has come from a reputable source (such as employment savings) rather than the fruits of criminal behaviour.
Do I have to visit the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Whitefield so that I can pop in to their offices if required.
Most approved lawyers for banks undertake the vast majority of communications via Royal Mail, internet or over phone calls. This enables them to undertake the legal work for your home move regardless of where you live in the country. That being said you should check if you have the option of attending the offices of your conveyancing lawyer if needed.
Have purchased a a detached house in Whitefield , how long should it take for the Land Registry to register my proprietorship? My Whitefield conveyancing solicitor has been very slow, so I want to be certain the land registry aspects are concluded.
As far as conveyancing in Whitefield registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether it is in order and whether the Land registry have to notify any 3rd persons or bodies. As of today in the region of three quarters of submission are completed in less than three weeks but some can be subject to longer hold-ups. Historically registration takes place after the buyer has moved in to the premises thus an expedited registration is not usually an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers should contact the land registry and explain the circumstances.
About to purchase a new build flat in Whitefield. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Whitefield
Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Whitefield is the location of the property. What do you suggest?
Flying freeholds in Whitefield are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Whitefield you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whitefield may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I work for a reputable estate agent office in Whitefield where we have experienced a number of leasehold sales put at risk due to short leases. I have been given contradictory information from local Whitefield conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has owned the lease 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 wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 invested in buying a garden flat in Whitefield, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Whitefield with over 90 years remaining are worth £171,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2100
With just 79 years unexpired we estimate the premium for your lease extension to span between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns 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.