In what way does my ID and proof of funds have anything to do with my conveyancing in Frogmore? Is this really necessary?
It is indeed that case that these requests have nothing to do with conveyancing in Frogmore. Nowadays you can not complete any conveyancing deal in the absence handing over proof of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Please note that if you are supplying your driving licence as proof of ID it needs to be both the paper section as well as the photo card part, one is not satisfactory without the other.
Proof of the origin of money is mandated in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor will need to retain this information on record. Your Frogmore conveyancing lawyer will require evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask additional questions regarding the source of funds.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel conveyancer as I would prefer to appoint a Frogmore based conveyancing firm?
Do check but the chances are that appoint one of their panel solicitors if you want the "fee-free" deal. Call the bank and determine if they allow a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Frogmore.
Just had an offer accepted on a new build apartment in Frogmore. Conveyancing is necessary evil 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 may expect your new-build leasehold conveyancing in Frogmore
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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. Please confirm the Lease plans are architect prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am looking for a ground for flat up to £245,000 and found one close by in Frogmore I like with a park and station in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in Frogmore in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
Been reading online that Frogmore solicitors are more costly than Frogmore conveyancers in Frogmore when it comes to purchasing a property. Am I better off using a conveyancer or a solicitor where I am purchasing a house in Frogmore.
When it comes to conveyancing in Frogmore the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.