I hired a Farnham Common based lawyer for my conveyancing in Farnham Common today. Looking through the Ts and Cs it is apparent thatI am liable for costs even if our purchase doesn't happen. Would I be best advised to appoint a web based conveyancing company promoting no completion no charge conveyancing in Farnham Common?

It is usually a trade off in that if "No Completion No Fee" is available then the fee levels will tend to be be more expensive to counteract those cases that fail to complete. Also remember that these arrangements generally do not cover disbursements such your Farnham Common conveyancing search charges.

What does my ID and proof of funds have anything to do with my conveyancing in Farnham Common? Is this really necessary?

To satisfy the Money Laundering Regulations any Farnham Common conveyancing firm will require proof of identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.

In accordance with Money Laundering Regulations, conveyancers are duty bound to check not just the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this may lead to your solicitor cancelling their relationship 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 inform the appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.

Are there restrictive covenants that are commonly picked up during conveyancing in Farnham Common?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Farnham Common. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am buying a new build apartment in Farnham Common. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Farnham Common

The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared.

I opted to have a survey completed on a property in Farnham Common ahead of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some banks will refuse to grant a loan on this type of house.

It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Farnham Common. Conveyancing may be slightly more expensive based on your lender's requirements.