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Recently asked questions about conveyancing in Gants Hill

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

Gants Hill conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients will need to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).

Evidence of the origin of funds is also necessary under the money laundering statutes as conveyancers have a duty to check that the monies you are using to purchase a property (be it the exchange deposit or the full purchase price where you are buying without a mortgage) has originated from a reputable source (such as an inheritance) as opposed to the proceeds of criminal activity.

Just acquired a detached house in Gants Hill , What is the estimated time for the Land Registry to record my ownership? My Gants Hill conveyancing solicitor has been very slow, so I want to check the registration formalities are addressed.

There is nothing unique when it comes to conveyancing in Gants Hill registration formalities. Rather than based on location, timeframes can differ depending on who lodges the application, whether there are errors and if the Land registry have to notify any other persons or bodies. As of today approximately 80% of such applications are fully dealt with within 12 days but occasionally there can be protracted delays. Registration is effected once the new owner is living at the property so an expedited registration is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor must speak with the land registry and explain the circumstances.

How does conveyancing in Gants Hill differ for newly converted properties?

Most buyers of new build premises in Gants Hill come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Gants Hill tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Gants Hill or who has acted in the same development.

Due to the guidance of my in-laws I had a survey completed on a house in Gants Hill before appointing lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend refuse to give a mortgage on this type of home.

It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can look into this further via 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 Gants Hill. Conveyancing will be smoother if you use a solicitor in Gants Hill especially if they are acquainted with such properties in Gants Hill.

What does commercial conveyancing in Gants Hill cover?

Commercial conveyancing in Gants Hill covers a broad range of guidance, given by qualified solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

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