Willretaining a Longfield conveyancing firm make the legal process smoother?

Longfield is a unique place, where local knowledge counts for a lot. The relaxed pace of life has it’s attractions – but not when it comes to your home move. The property lawyers that we recommend display well rounded Longfield insight with a proactive, hands-onattitude that ensures everything runs smoothly. It will certainly help that they can make use of established connections with mortgage brokers, local authorities, valuers and other Longfield conveyancing practitioners

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

You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Longfield. Nowadays you can not proceed with any conveyancing process without first supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are supplying your driving licence as evidence of identification it must be both the paper element and photo card part, one is not satisfactory in the absence of the other.

Evidence of the origin of monies is necessary in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer must have this information on record. Your Longfield conveyancing lawyer will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask additional queries concerning the origin of funds.

Should our solicitor be raising enquiries about flooding as part of the conveyancing in Longfield.

Flooding is a growing risk for conveyancers carrying out conveyancing in Longfield. There are those who purchase a house in Longfield, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.

Solicitors are not qualified to offer advice on flood risk, but there are a various checks that may be initiated by the buyer or by their solicitors which should give them a better understanding of the risks in Longfield. The conventional set of property information forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a standard inquiry of the vendor to determine if the premises has suffered from flooding. If flooding has previously occurred which is not revealed by the vendor, then a buyer may issue a compensation claim as a result of such an inaccurate reply. A purchaser’s solicitors will also carry out an environmental report. This should reveal if there is a recorded flood risk. If so, further inquiries will need to be conducted.

I decided to have a survey carried out on a property in Longfield in advance of retaining lawyers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some banks may refuse to grant a loan on such a home.

It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Longfield. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Longfield to see if the conveyancing will be more expensive.

I am looking at a two flats in Longfield which have approximately fifty years left on the leases. Should I regard a short lease as a deal breaker?

A lease is a right to use the property for a prescribed time frame. As a lease gets shorter the saleability of the lease reduces and results in it becoming more expensive to acquire a lease extension. For this reason it is often a good idea to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you seek professional help from a conveyancer and surveyor with experience in this field.

I inherited a basement flat in Longfield, conveyancing formalities finalised in 2003. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Longfield with a long lease are worth £197,000. The ground rent is £55 invoiced every year. The lease ceases on 21st October 2079

With only 54 years left to run we estimate the price of your lease extension to range between £32,300 and £37,400 plus costs.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should 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 should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.