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

Lampton conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to check the ID of any client in order to ensure that clients are who they say they are.

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

Proof of source of funds is also required in compliance with the money laundering laws as conveyancers have a duty to investigate that the monies you are utilising to purchase a property (be it the exchange deposit or the full purchase monies if you are buying mortgage free) has originated from a reputable source (such as employment savings) as opposed to the product of illegitimate activity.

I have justfound out that Action Conveyancing have closed. They carried out my conveyancing in Lampton for a purchase of a leasehold apartment 18 months ago. How can I establish that my home is not still registered in the name of the previous owner?

The easiest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Lampton conveyancing specialists.

Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one round the corner in Lampton I like with amenity areas and railway links in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Lampton for this price, so just wondered if I would be making a mistake buying a lease with such few years left?

If you need a mortgage the shortness of the lease may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.

I am looking into buying my first house which is in Lampton and I am already nervous. I couldn't find anything specific about Lampton. Conveyancing will be needed in due course but do you know about the Lampton area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Lampton. In the meantime here are some basic statistics that we found

Can you provide any advice for leasehold conveyancing in Lampton from the perspective of saving time on the sale process?

• A significant proportion of the delay in leasehold conveyancing in Lampton can be avoided if you appoint lawyers as soon as you market your property and request that they start to collate the leasehold information which will be required by the buyers’ lawyers.
You may think that you are aware of the number of years remaining on your lease but you should double-check by asking your solicitors. A purchaser's lawyer will not be happy to advise their client to where the remaining number of years is less than 80 years. In the circumstances it is essential at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If there is a history of any disputes with your landlord or managing agents it is essential that these are resolved prior to the flat being marketed. The buyers and their solicitors will be warry about purchasing a flat where a dispute is unsettled. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to present the dispute as over as opposed to unsettled. The majority of freeholders or managing agents in Lampton levy fees for supplying management packs for a leasehold property. You or your lawyers should find out the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Lampton. If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share document. Obtaining a re-issued share certificate is often a lengthy process and delays many a Lampton conveyancing deal. If a duplicate share certificate is needed, do contact the company director and secretary or managing agents (where applicable) for this as soon as possible.

I have given up trying to purchase the freehold in Lampton. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Most certainly. We can put you in touch with a Lampton conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Lampton premises is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 60.45 years.