Can conveyancing in Kingswood to be completed in 10 days?

First, If the seller is applying a tight deadline to complete it is advisable to make sure that your conveyancer is familiar with the location as they will make use of local contacts and know-how. It is possible that they would have transacted previousproperties in the same neighbourhood. You would be best advised to use a Kingswood conveyancing lawyer. In addition, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that 18% of Kingswood conveyancing deals are frustrated or jeopardised after finding out that a purchaser’s lawyer was not on their banks member panel. This can often result in the home move being held up by almost three weeks. It is understood that this issue impacts in the region of one hundred thousand home moves every year. Almost all Kingswood conveyancing firms can not act for certain lenders so do check at the outset.

What does my ID and proof of funds have anything to do with my conveyancing in Kingswood? Why is this being asked of me?

To satisfy the Money Laundering Regulations any Kingswood conveyancing firm will require evidence of your identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.

Under Money Laundering Regulations, conveyancing solicitors are required to check not just the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. Refusal to disclose this will lead to your conveyancer cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers will have an obligation to inform the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.

I decided to have a survey done on a house in Kingswood in advance of instructing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some lenders tend not issue a mortgage on such a property.

It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Kingswood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kingswood to see if the conveyancing costs will increase in light of this.

Hoping to buy a property located in Kingswood and I am already nervous. I couldn't find anything specific about Kingswood. Conveyancing will be needed in due course but do you know about the Kingswood area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Kingswood. In the meantime here are some basic statistics that we found

Do you have any top tips for leasehold conveyancing in Kingswood from the point of view of speeding up the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Kingswood can be reduced where you instruct lawyers the minute your agents start advertising the property and request that they start to put together the leasehold information which will be required by the purchasers’ conveyancers.
If there is a history of any disputes with your freeholder or managing agents it is essential that these are settled prior to the flat being put on the market. The buyers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic as opposed to ongoing. You may think that you are aware of the number of years left on your lease but you should verify this by asking your conveyancers. A purchaser's lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is under 75 years. In the circumstances it is essential at an early stage that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. A minority of Kingswood leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors.

Kingswood Conveyancing for Leasehold Flats - Examples of Queries Prior to buying

Is the freehold owned collectively by the tenants? Best to be warned whether a new roof is being put on or some other significant cost is pending to be shared by the leaseholders and could well materially impact the level of the service fees or necessitate a one time invoice. Does the lease contain onerous restrictions?