Much to our surprise we have been advised by our broker that my Ampthill the law firm I have appointed is not on the bank Conveyancing panel. How can I be certain that this is indeed the case?
The first thing you need to do is to contact your Ampthill conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may be able to suggest a Ampthill conveyancing practice that is on the approved list of lawyers for your lender.
What does my ID and proof of funds have anything to do with my conveyancing in Ampthill? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Ampthill. However these days you can not proceed with any conveyancing transaction in the absence handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a utility bill. Remember if you are supplying your driving licence as proof of ID it needs to be both the paper part and photo card part, one is not sufficient in the absence of the other.
Proof of your source of monies is necessary under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer must have this information on record. Your Ampthill conveyancing solicitor will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they should also ask additional questions regarding the source of monies.
I am using a search engine for the term conveyancing in Ampthill it reveals many solicitorsin the area. With so much choice what is the best way to find the right conveyancer for me?
The ideal method of seeking a suitable conveyancer is via personal testimonial, so enquire of friends and family who have acquired a property in Ampthill or a local estate agent or financial adviser. Costs for conveyancing in Ampthill differ, so it's a good idea to secure a minimum of four estimates from different property lawyers. Make sure that you clarify that the fees are fixed.
I am intending to let out my leasehold flat in Ampthill. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
A small minority of properties in Ampthill do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I bought a leasehold flat in Ampthill, conveyancing was carried out in 2007. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Ampthill with a long lease are worth £197,000. The ground rent is £55 per annum. The lease ends on 21st October 2079
With just 56 years remaining on your lease we estimate the price of your lease extension to be between £29,500 and £34,000 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.
We have been told by various friends to expect up to two months for Ampthill conveyancing to complete.This was a month ago. The property information was only sent to my conveyancer yesterday so does the time start running now?
No definitive time frame exists for conveyancing in Ampthill. Conveyancing is subject to too much unpredictabilities. Ampthill conveyancing searches alone may take some weeks before they are received.