In what way does my ID and proof of funds have anything to do with my conveyancing in Isle Of Wight? What am I being asked for?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the person or body they are dealing with before they can accept their conveyancing instruction. The Client Care letter that you are required to sign should confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to hand over identification documents, your lawyer would not be able to accept instructions from you.
My Conveyancer in Isle Of Wight is not on the National Westminster Bank Approved Panel. Can I still continue with my prefered solicitor even though they are not on the National Westminster Bank panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Isle Of Wight solicitors but National Westminster Bank will need to retain a lawyer on their panel. This will result in additional overall legal charges and cause delays.
- Get a new solicitor to act in the purchase, obviously checking they are on the National Westminster Bank panel
What makes your site different to other online quote calculators for conveyancing in Isle Of Wight?
At this site secure a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Isle Of Wight. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you select them for your conveyancing in Isle Of Wight
In my capacity as executor for the estate of my uncle I am selling a property in Cardiff but live in Isle Of Wight. My lawyer (who is 235 kilometers from mehas requested that I execute a stat dec prior to completion. Can you recommend a conveyancing solicitor in Isle Of Wight who can witness this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Isle Of Wight based
I am attracted to a couple of maisonettes in Isle Of Wight which have approximately fifty years left on the lease term. Will this present a problem?
There are plenty of short leases in Isle Of Wight. The lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the saleability of the lease reduces and results in it becoming more costly to acquire a lease extension. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease extension can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this area.
I own a 2 bed flat in Isle Of Wight, conveyancing having been completed 5 years ago. How much will my lease extension cost? Similar properties in Isle Of Wight with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 per annum. The lease terminates on 21st October 2091
With just 70 years left to run the likely cost is going to be between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.