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Recently asked questions about conveyancing in Ferryside

In what way does my ID and proof of funds have anything to do with my conveyancing in Ferryside? Is this really necessary?

Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to supply ID verification documents, your lawyer would not be able to accept instructions from you.

My wife and I are close to exchanging contracts on the sale of our property in Ferryside and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Ferryside lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Ferryside. We have lived in Ferryside for many years we know of no issue. Is it a good idea to contact our local Authority to get clarification need.

It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)

Just acquired a detached house in Ferryside , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Ferryside conveyancing solicitor works at snail pace, so I want to be certain the land registry aspects are concluded.

There is nothing unique when it comes to conveyancing in Ferryside registration formalities. Rather than based on location, timescales can vary depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any 3rd parties. At present in the region of 80% of such applications are fully addressed within two weeks but some can be subject to longer delays. Historically registration takes place after the purchaser is living at the premises so post completion formalities is not always an essential issue yet if there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.

Just had an offer accepted on a new build apartment in Ferryside. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Ferryside

    The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

My wife and I purchased a leasehold flat in Ferryside. Conveyancing and Halifax mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Ferryside who acted for me is not around. What should I do?

First make enquiries of HMLR to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to instruct a Ferryside conveyancing practitioner to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Ferryside Leasehold Conveyancing - A selection of Questions you should consider Prior to Purchasing

    The prefered form of lease structure is a share of the freehold. In this situation the lessees have being in charge if their destiny and even though a managing agent is usually retained if the building is larger than a house conversion, the managing agent employed by the leaseholders. Be sure to investigate if there are any onerous prohibitions in the lease. For instance it is very common in Ferryside leases that pets are not allowed in in a block in Ferryside. If you love the propertyin Ferryside however your cat can’t live with you then you have a very hard decision. What is the name of the managing agents?

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Neighbouring Locations

St Clears
Ferryside
Kidwelly
Burry Port

Find out more about how flying freehold can affect your the value of a property.