What does my ID and proof of funds have anything to do with my conveyancing in Bexhill? Is this really necessary?
Bexhill conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under money laundering regulations to check the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).
Proof of source of monies is also required in accordance with the money laundering regulations as lawyers are mandated to ensure that the money you are utilising to buy a property (be it the exchange deposit or the full purchase price where you are a cash purchaser) has come from an acceptable source (such as an inheritance) as opposed to the fruits of criminal behaviour.
Do I have to attend the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Bexhill so that I can attend their offices when needed.
These days conveyancing panel lawyers for mortgage companies undertake their communications through the post, internet or over the phone. This means that they can undertake the conveyancing transaction no matter where you live in the country. However you should check if you have the option of attending the offices of your conveyancing lawyer if just in case this is required.
I have a terraced Victorian house in Bexhill. Conveyancing practitioner represented me and Barclays Direct. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the matching address. Is it worth asking Barclays Direct to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bexhill and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing practitioner who conducted the work.
I'm refinancing my primary house to a BTL mortgage with Platform Home Loans Ltd and I will use the rest of the raised equity towards another property. The location we are talking about is Bexhill. Will your lawyers be able to act for the two mortgage companies and tie in the conveyances?
Do use our search tool on this site to check that the lawyers are on the relevant lender panels. Assuming that they are the conveyancer should be able to tie up the two deals but you should have a chat with you lawyer and specify your expectations and requirements.
Back In 2002, I bought a leasehold house in Bexhill. Conveyancing and Norwich and Peterborough Building Society mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Bexhill who previously acted has long since retired. Any advice?
First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Bexhill conveyancing practitioner to do this as it can be done on-line for £3. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a 1st floor flat in Bexhill, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Bexhill with an extended lease are worth £186,000. The ground rent is £55 yearly. The lease finishes on 21st October 2071
With only 52 years unexpired we estimate the price of your lease extension to be between £29,500 and £34,000 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.