What is the best way to search for the right solicitor to supply a 1st class service for my conveyancing in Houghton Regis?
First ask connections who they experienced using in the past and if they were happy with the service.
Option 2 is to search the web for conveyancing in Houghton Regis. Call two or three from the list and invite them to forward you their conveyancing fees and discuss your needs with the solicitor who will oversee the legal process in advance ofmaking your choice.
Third is to use this site to help you find the right solicitors for you based on your own requirements including the type of property,timings, complexity and who the proposed lender is. Don't take the bait of low cost conveyancing in Houghton Regis
In what way does my ID and proof of funds have anything to do with my conveyancing in Houghton Regis? Is this really warranted?
Houghton Regis conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill no more than three months).
Confirmation of the origin of monies is also required under the money laundering statutes as solicitors are mandated to check that the funds you are using to buy a property (be it the exchange deposit or the full purchase price where you are a cash purchaser) has originated from a reputable source (such as employment savings) and is not the product of illegitimate behaviour.
I have been told that property searches are a common reason for obstruction in Houghton Regis house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in Houghton Regis.
We're novice buyers - had an offer accepted, but the property agent has warned us that the owners will only issue a contract if we appoint their chosen conveyancers as they need an ‘expedited deal’. We would rather use a high street solicitor who is accustomed to conveyancing in Houghton Regis
It is unlikely the owners are driving this. If they want ‘a quick sale', alienating a motivated buyer is counter productive. Avoid the agents and go straight to the sellers and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you are going to instruct your preferred Houghton Regis conveyancing firm - not the ones that will earn their estate agent a referral fee or achieve conveyancing figures pre-set by head office.
I work for a long established estate agency in Houghton Regis where we see a few leasehold sales jeopardised due to leases having less than 80 years remaining. I have received contradictory information from local Houghton Regis conveyancing solicitors. Could you confirm whether the seller of a flat can start the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord 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.
Houghton Regis Leasehold Conveyancing - Sample of Queries before buying
If a Houghton Regis lease has fewer than 80 years it will affect the salability of the flat. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this would cost. For most Houghton Regislease extensions you will be required to have owned the property for two years in order to be entitled to carry out a lease extension. Who is in charge of the building? It would be prudent to discover as much as possible regarding the company managing the building as they can either make your living at the property much simpler or much more difficult. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to daily matters like the upkeep of the communal areas. Enquire of other tenants what they think of them. Finally, find out the dates that the service fees are due to the relevant party and precisely how they are spending the funds.