In what way does my ID and proof of funds have anything to do with my conveyancing in Dorchester On Thames? Why is this being asked of me?

To satisfy the Money Laundering Regulations any Dorchester On Thames conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.

Under Money Laundering Regulations, conveyancers are duty bound to ascertain not only the ID of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this will result in your lawyer 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 make a disclosure to the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.

My grandfather passed away last year and as sole heir and executor I was left the property in Dorchester On Thames. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Kent Reliance, pay off the mortgage. Is this possible?

Where you intend to re-mortgage then Kent Reliance will require that you use a conveyancer on the Kent Reliance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Kent Reliance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Kent Reliance mortgage is registered as a charge at the Land Registry.

I decided to have a survey done on a house in Dorchester On Thames ahead of instructing solicitors. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies may not give a mortgage on this type of house.

It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Dorchester On Thames. Conveyancing will be smoother if you use a solicitor in Dorchester On Thames especially if they regularly deal with such properties in Dorchester On Thames.

I am using a search engine for the phrase on line conveyancing in Dorchester On Thames it brings up many solicitorsin the area. With so much choice what is the best way to find the right solicitor for me?

The ideal method of seeking a suitable conveyancer is through a trusted recommendation, so seek the guidance of colleagues and those you trust who have acquired a property in Dorchester On Thames or a reputable estate agent or mortgage broker. Costs for conveyancing in Dorchester On Thames vary, so it's a good idea to request at least three estimates from different solicitors. Dont forget to clarify what costs in the quote includes.

Can you provide any advice for leasehold conveyancing in Dorchester On Thames with the aim of expediting the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Dorchester On Thames can be bypassed where you instruct lawyers the minute you market your property and request that they start to put together the leasehold information needed by the purchasers’ conveyancers.
If you hold a share in a the freehold, you should make sure that you hold the original share document. Obtaining a re-issued share certificate is often a time consuming process and delays many a Dorchester On Thames conveyancing deal. If a new share certificate is needed, do contact the company officers or managing agents (if relevant) for this as soon as possible. The majority of freeholders or managing agents in Dorchester On Thames levy fees for providing management packs for a leasehold home. You or your lawyers should enquire as to the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Dorchester On Thames. In the event that you altered the property did you need the Landlord’s approval? In particular have you laid down wooden flooring? Dorchester On Thames leases often stipulate that internal structural changes or addition of wooden flooring necessitate a licence issued by the Landlord approving such alterations. Where you dont have the paperwork in place do not communicate with the landlord without contacting your solicitor first.

I invested in buying a 2 bed flat in Dorchester On Thames, conveyancing having been completed 3 years ago. How much will my lease extension cost? Corresponding properties in Dorchester On Thames with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ceases on 21st October 2078

With 53 years unexpired we estimate the price of your lease extension to span between £27,600 and £31,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.