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

It is indeed that case that these requests have nothing to do with conveyancing in Old Woking. However these days you can not complete any conveyancing transaction 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 bank statement. Remember if you are supplying your driving licence as proof of ID it must be both the paper part as well as the photo card part, one is not satisfactory in the absence of the other.

Verification of your source of monies is necessary in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancing solicitor must have this information on record. Your Old Woking conveyancing solicitor will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask additional questions regarding the source of funds.

My wife and I buying a 4 bedroom semi-detached house in Old Woking. Our aim is to convert the garage to an office at the house.Will legal due diligence on the property involve investigations to ascertain if these alterations were previously refused?

Your conveyancer will review the registered title as conveyancing in Old Woking can on occasion reveal restrictions in the title documents which prevent categories of changes or need the permission of a 3rd party. Many additions call for local authority planning permissions and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be wise to check these issues with a surveyor ahead of any purchase.

We are getting the release of further funds on our home loan from TSB as we wish to conduct renovations to our house in Old Woking. Are we obliged to select a bricks and mortar Old Woking solicitor on the TSB conveyancing panel to deal with the paperwork?

TSB do not ordinarily require firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB conveyancing panel.

Having read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Old Woking solicitor - who is on the HSBC conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?

HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Old Woking postcode. As you are getting a mortgage with HSBC, you could contact them to see if they have a list of approved surveyors in Old Woking.

In my capacity as executor for the will of my grandmother I am selling a residence in Swansea but reside in Old Woking. My lawyer (based 235 miles awayneeds me to sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Old Woking to witness and place their company stamp on the document?

strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are Old Woking based

I am looking at a couple of maisonettes in Old Woking which have in the region of forty five years unexpired on the leases. Do I need to be concerned?

A lease is a right to use the premises for a prescribed time frame. As the lease gets shorter the marketability of the lease deteriorates 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. It is often difficult to sell a property with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this arena.

I own a split level flat in Old Woking, conveyancing formalities finalised in 2005. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Old Woking with over 90 years remaining are worth £227,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2097

With only 72 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 plus professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.

Is there a difference between surveying and conveyancing in Old Woking?

Conveyancing - in Old Woking or anywhere in England and Wales - is the process of legally transferring legal title of property from one person to another. It involves the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the seller to remedy the defects before you move in.