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

Hatton Park conveyancing solicitors and indeed property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to provide two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).

Confirmation of source of monies is also required in accordance with the money laundering regulations as lawyers are duty bound to check that the funds you are using to acquire a property (whether it be the deposit for exchange or the total purchase amount where you are buying mortgage free) has come from an acceptable source (such as an inheritance) and is not the proceeds of criminal activity.

I am buying a property and require a conveyancing solicitor in Hatton Park who is on the TSB conveyancing. Could you point me in the right direction as regards a firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for TSB in certain locations such as Hatton Park. We dont recommend any particular firm.

Will our lawyer be asking questions about flooding during the conveyancing in Hatton Park.

Flooding is a growing risk for solicitors conducting conveyancing in Hatton Park. Some people will purchase a property in Hatton Park, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.

Solicitors are not qualified to offer advice on flood risk, but there are a numerous searches that may be carried out by the buyer or by their conveyancers which can figure out the risks in Hatton Park. The conventional set of completed inquiry forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the vendor to discover whether the property has historically flooded. In the event that the premises has been flooded in past which is not revealed by the owner, then a buyer could issue a claim for damages as a result of such an misleading answer. A buyer’s conveyancers should also conduct an environmental report. This will indicate whether there is a recorded flood risk. If so, further investigations will need to be conducted.

I am using a search engine for the term cheap conveyancing in Hatton Park it brings up numerous conveyancersin the area. How do I determine which is the suitable conveyancing solicitor for me?

The best method of finding the right conveyancer is via trusted referral, so enquire of colleagues and relatives who have bought a property in Hatton Park or a respected estate agent or mortgage broker. Charges for conveyancing in Hatton Park vary, so it's a good idea to request a minimum of three quotes from varying types of solicitors. Make sure that you clarify that the fees are fixed.

I've recently bought a leasehold house in Hatton Park. Am I liable to pay service charges for periods before completion of my purchase?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I own a garden flat in Hatton Park, conveyancing formalities finalised in 2000. Can you work out an approximate cost of a lease extension? Equivalent properties in Hatton Park with an extended lease are worth £192,000. The ground rent is £55 levied per year. The lease runs out on 21st October 2080

With 54 years unexpired we estimate the premium for your lease extension to range between £32,300 and £37,400 plus professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.