I instructed a Whittlesey based firm for my conveyancing in Whittlesey recently. After carefully reading the Ts and Cs it is apparent thatwe are liable for charges even if the movefalls through. Should I ditch them and use a web based solicitor practice offering no move no charge conveyancing in Whittlesey?
Generally there is a concession along the lines that if "No Completion No Fee" is advertised then the conveyancing charges will tend to be be more expensive to cover those transactions that fail to complete. Do bear in mind that such deals tend not to protect you from expenses such your Whittlesey conveyancing search expenses.
In what way does my ID and proof of funds have anything to do with my conveyancing in Whittlesey? What am I being asked for?
Whittlesey conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Bank Statement no more than three months).
Proof of the origin of monies is also necessary in compliance with the money laundering statutes as lawyers are duty bound to investigate that the money you are utilising to buy a property (be it the exchange deposit or the full purchase price if you are buying without a mortgage) has come from legitimate source (such as employment savings) rather than the fruits of illegitimate activity.
Should my conveyancer be making enquiries about flooding as part of the conveyancing in Whittlesey.
Flooding is a growing risk for conveyancers dealing with homes in Whittlesey. There are those who acquire a house in Whittlesey, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, but there are a various searches that can be carried out by the buyer or by their lawyers which should give them a better understanding of the risks in Whittlesey. The standard information sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the owner to find out whether the premises has ever been flooded. If flooding has previously occurred and is not notified by the owner, then a buyer may issue a legal claim for losses as a result of such an misleading response. The buyer’s conveyancers should also carry out an environmental report. This should indicate if there is a recorded flood risk. If so, further inquiries will need to be conducted.
I have been on the look out for a ground for flat up to £305k and identified one near me in Whittlesey I like with a park and railway links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Whittlesey for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
In my capacity as executor for the will of my uncle I am disposing of a property in Newport but I am based in Whittlesey. My solicitor (who is 260 kilometers from mehas requested that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Whittlesey who can attest this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are based in Whittlesey
I am purchasing a garden flat in Whittlesey. Conveyancing solicitor has been waiting for, from the seller, building insurance documents. This morning I was advised that the owner must forward the insurance documents for the flat above also. Why would my conveyancing practitioner need to check the insurance for the other flat? Is it really necessary? We have been stalled for the previous month…
It is not unheard of in leasehold conveyancing in Whittlesey to find Conveyancing in Whittlesey in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats rather than the freeholder insuring the entire premises - which is definitely better. Do check with your solicitor but it would seem that your conveyancing practitioner is looking to establish that the entire building is insured. Insuring a ground floor residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed for lack of insurance.