I am acquiring a house for cash in Northam. I have been residing for the previous twelve years in Northam. Conveyancing searches are expensive. As I know the area and road intimately must I have all the conveyancing searches?

If you not getting a mortgage, then almost all of the Northam conveyancing searches are optional. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches carried out, but she has a professional duty to take that path of encouragement . Do bear in mind; if you are intend to sell the house at a future date, it will likely be be of interest to your future buyer what the searches disclose. There are plenty of instances where houses with no practical issues can still show up detrimental search results. A competent conveyancing solicitor in Northam will provide you some practical guidance here.

In what way does my ID and proof of funds have anything to do with my conveyancing in Northam? Is this really warranted?

Northam conveyancing solicitors and indeed property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to disclose two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).

Evidence of the origin of funds is also necessary in accordance with the money laundering laws as solicitors are duty bound to ensure that the money you are using to acquire a property (be it the exchange deposit or the total purchase amount if you are a cash purchaser) has originated from a reputable source (such as employment savings) and is not the proceeds of criminal activity.

I am about to put an offer on a leasehold property in Northam. The estate agents say that it is the norm for flats in Northam to have less than 75 years unexpired on the lease. I am obtaining a loan with Virgin. Will the property be mortgageable given that the lease has 70 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/4/2019 the requirements read as follows :

Are there restrictive covenants that are commonly identified as part of conveyancing in Northam?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Northam. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Hoping to buy a property located in Northam and I am already nervous. I couldn't find anything specific about Northam. Conveyancing will be needed in due course but do you know about the Northam area? or perhaps some other tips you can share?

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