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

It is indeed that case that these requests have nothing to do with conveyancing in Hethersett. Nowadays you will not be able to proceed with any conveyancing transaction in the absence supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are supplying your driving licence as proof of identification it must be both the paper section as well as the photo card part, one is not sufficient without the other.

Proof of your origin of money is mandated in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer must have this information on file. Your Hethersett conveyancing practitioner will need to see evidence of proof of funds prior to accepting any money from you into their client account and they should also ask additional questions concerning the origin of monies.

I require fast conveyancing in Hethersett as I have pressure to sign on the dotted line in less than 4 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?

As you are are a cash buyer you are at free not to do searches although no law firm would advise that you don't. With lots of history conveyancing in Hethersett the following are instances of issues that can appear and therefore affect future saleability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Railway Schemes,...

I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Hethersett is where the house is located. What do you suggest?

Flying freeholds in Hethersett are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hethersett you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hethersett may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

How do I search for a Hethersett law firm on the Barclays Direct conveyancing panel? I am a keen cyclist and am prepared to travel upto 20kilometers to meet the conveyancer.

Feel free to make use of the facility on this page. Please choose the bank and your location and you will see a number of Hethersett conveyancing lawyers locally. We have detailed some Hethersett conveyancing firms at the bottom of this page and you can call them to see if they are on the Barclays Direct approved list

I am a negotiator for a long established estate agency in Hethersett where we have experienced a few flat sales put at risk as a result of leases having less than 80 years remaining. I have been given contradictory information from local Hethersett conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can initiate the lease extension formalities for the buyer?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I inherited a split level flat in Hethersett, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Hethersett with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease expires on 21st October 2105

You have 80 years unexpired the likely cost is going to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt 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 before seeking the advice of a professional.