What does my ID and proof of funds have anything to do with my conveyancing in East Dean? Why is this being asked of me?
To satisfy the Money Laundering Regulations any East Dean 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 ascertain not just the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this may lead to your lawyer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to make a disclosure to the appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.
What will a local search reveal regarding the house we're purchasing in East Dean?
East Dean conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance Xpress Legal The local search is essential in every East Dean conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search should supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I decided to have a survey carried out on a house in East Dean before retaining conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some lenders may not grant a mortgage on this type of house.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in East Dean. Conveyancing will be smoother if you use a solicitor in East Dean especially if they are acquainted with such properties in East Dean.
I am looking for a conveyancing solicitor in East Dean for my sale. Is there any facility to see a firm’s record with the legal regulator?
Members of the public may review published Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA sometimes recorded call for training reasons.
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have just been informed that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a leasehold house in East Dean. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
Most houses in East Dean are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are purchasing in East Dean in which case you should be shopping around for a East Dean conveyancing practitioner and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’sconsent to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your lawyer should report to you on the legal implications.
I bought a ground floor flat in East Dean, conveyancing was carried out 5 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in East Dean with an extended lease are worth £185,000. The ground rent is £65 invoiced every year. The lease ends on 21st October 2082
You have 60 years left to run we estimate the price of your lease extension to range between £20,000 and £23,000 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.