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Recently asked questions about conveyancing in Calcot

In what way does my ID and proof of funds have anything to do with my conveyancing in Calcot? What am I being asked for?

Calcot conveyancing solicitors and indeed property practitioners accross the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients are required to produce two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no older than three months).

Evidence of source of monies is also necessary in compliance with the money laundering statutes as conveyancers are duty bound to check that the money you are utilising to buy a property (whether it be the deposit for exchange or the full purchase monies where you are buying without a mortgage) has originated from an acceptable source (such as employment savings) and is not the product of illegitimate activity.

Do commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Calcot?

Its becoming the norm that commercial conveyancing solicitors in Calcot will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Calcot. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Calcot.

For every commercial conveyancing transaction in Calcot it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Calcot commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Calcot.

I acquired my home on 9 April and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Calcot expressed confidence that it will be registered inside ten days. Are properties in Calcot particularly slow to register?

As far as conveyancing in Calcot is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timeframes can vary subject to the party submitting the application, whether there are errors and if the Land registry communicate with any interested persons or bodies. At present roughly three quarters of such applications are fully addressed in less than three weeks but occasionally there can be extensive delays. Registration is effected after the buyer is living at the property so 'speed' is not always primary concern but if it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for an expedited registration.

In my capacity as executor for the estate of my aunt I am disposing of a property in Monmouth but I am based in Calcot. My conveyancer (who is 200 miles from meneeds me to sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Calcot who can witness this legal document for me?

strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Calcot based

I have just started marketing my ground floor apartment in Calcot. Conveyancing is yet to be initiated, however I have recently received a half-yearly maintenance charge demand – what should I do?

It best that you pay the service charge as you normally would given that all ground rent and service payments will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I own a basement flat in Calcot, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Calcot with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease runs out on 21st October 2076

With 54 years unexpired we estimate the price of your lease extension to span between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.

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