Much to our surprise we have been advised by our estate agent that my Flitwick property lawyer is not on the lender Solicitor panel. What can I do to be certain if this is indeed the case?

The best course of action for you to take is to contact your Flitwick conveyancer. It is reasonable to expect your lawyer to notify you what has happened. Where they are not on the panel they may recommend you to a Flitwick conveyancing firm that is on the approved list of lawyers for your mortgage company.

What does my ID and proof of funds have anything to do with my conveyancing in Flitwick? Why is this being asked of me?

To satisfy the Money Laundering Regulations any Flitwick 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 account evidencing where you reside.

Under Money Laundering Regulations, conveyancers are required to ascertain not just the identity of conveyancing clients but also the source of monies that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your property lawyers are duty bound to inform the relevant authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.

I am looking for a ground for flat up to £195,000 and found one round the corner in Flitwick I like with open areas and station in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Flitwick for this price, so just wondered if I would be making a grave error purchasing a short lease?

If you require a home loan that many years may be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.

I am looking to sell my house. My previous conveyancers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Flitwick if that makes a difference.

You should use our search tool to help you choose a solicitor for your conveyancing in Flitwick. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.

I inherited a 2 bed flat in Flitwick, conveyancing having been completed in 1995. Can you work out an approximate cost of a lease extension? Similar flats in Flitwick with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ends on 21st October 50

With 50 years left to run the likely cost is going to range between £36,100 and £41,800 as well as legals.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply 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 issues 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 based on this information without first getting professional advice.