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

It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Markyate. Nowadays you will not be able to complete any conveyancing deal if you have not providing proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are supplying your driving licence as evidence of identification it must be both the paper section as well as the photo card part, one is not sufficient in the absence of the other.

Proof of your source of funds is required under Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancer must have this information on file. Your Markyate conveyancing practitioner will require evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further questions concerning the source of funds.

I am considering applying for a Skipton mortgage for purchase of a new build (under development) in Markyate with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?

In theory, you could use a solicitor that is not on the Skipton conveyancing panel, but Skipton would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.

A relative advised me that in purchasing a property in Markyate there could be a number of restrictions preventing external changes to the property. Is this right?

There are a number of properties in Markyate which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Markyate should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Is it the case that all Markyate CQS (Conveyancing Quality Scheme) solicitors are on the Yorkshire BS conveyancing panel?

It is true that some lenders now utilise the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.

When it comes to mortgage companies such as TSB, do Markyate solicitors have to pay a yearly amount to be on the conveyancing panel?

We are unaware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.

What will a local search reveal about the property I am purchasing in Markyate?

Markyate conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search is essential in every Markyate conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search will supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.

What are your top tips when it comes to finding a Markyate conveyancing practice to deal with our lease extension?

If you are instructing a conveyancer for lease extension works (regardless if they are a Markyate conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Markyate conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:

What are the costs for lease extension work? How familiar is the firm with lease extension legislation?

I am the registered owner of a garden flat in Markyate, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Comparable properties in Markyate with an extended lease are worth £255,000. The ground rent is £45 yearly. The lease terminates on 21st October 2098

With just 73 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.