What does my ID and proof of funds have anything to do with my conveyancing in Hurworth? What am I being asked for?

Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with before they can accept their conveyancing instruction. The Client Care letter that you are required to sign should reaffirm this. Your lender will also require certain documents to be viewed. Where you are unwilling to hand over identification documents, your lawyer would not be able to act for you.

Various web forums that I have come across warn that are the number one reason for delay in Hurworth house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Hurworth.

Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Hurworth I like with open areas and station in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Hurworth in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.

My husband and I are four weeks into a leasehold purchase having been referred to a firm by the high street agent to handle our conveyancing in Hurworth. I am not happy. Can you help me find new lawyers?

A conveyancer would have to be very poor to suggest diss instructing them. Has your mortgage been sent? In the event that it has you need to make them aware of the new contact details and have the offer are re-sent. The conveyancer should be on the lenders approved list to avoid added charges and delays. That should be your starting point. The search tool should help you find a bank approved solicitor for your conveyancing in Hurworth

Looking forward to complete next month on a ground floor flat in Hurworth. Conveyancing solicitors have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Hurworth should include some of the following:

The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. You should be sent a copy of the lease if lease has a provision for a slush account for major works? You should know whether the lease permits you to add or improve anything in the premises- you should be made aware as to whether it relates to all alterations or limited to structural alteration, and whether consent is required The physical extent of the property. This will be the flat itself but may incorporate a roof space or storage are if applicable.

Hurworth Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

How much is the service charge and ground rent on the property? How many of the leaseholders are in arrears for their service charge payments? Is the freehold reversion owned collectively by the tenants?