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

Pontprennau conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the identity of any client with a view to ensure that clients are who they say they are.

Conveyancing clients will need to produce two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no more than three months).

Confirmation of source of funds is also necessary in compliance with the money laundering laws as lawyers are required to ensure that the funds you are utilising to purchase a property (be it the exchange deposit or the total purchase monies if you are buying without a mortgage) has come from a reputable source (such as an inheritance) rather than the proceeds of illegitimate behaviour.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Pontprennau?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Pontprennau. 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…’

Due to the input of my in-laws I had a survey completed on a house in Pontprennau before appointing solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some lenders may refuse to give a loan on this type of premises.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Pontprennau. Conveyancing will be smoother if you use a solicitor in Pontprennau especially if they are familiar with such properties in Pontprennau.

I am a sole trader wishing to take over a lease of an office on the high street. Can you recommend solicitors offering no-move-no costs for non-domestic conveyancing in Pontprennau for below £2000?

We can recommend firms who have well rounded knowledge of commercial conveyancing in Pontprennau, including the sale and purchase of businesses as well as simply property. If you are intending to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right solicitor. Regarding the fees these will vary based on the structure and complexity of the proposed transaction. Please provide us with your contact information or email us so that we can furnish you with a fixed commercial conveyancing quote.

Do you have any advice for leasehold conveyancing in Pontprennau with the purpose of speeding up the sale process?

• A significant proportion of the frustration in leasehold conveyancing in Pontprennau can be bypassed if you get in touch lawyers as soon as you market your property and ask them to put together the leasehold information needed by the purchasers’ solicitors.
You may think that you are aware of the number of years remaining on your lease but it would be advisable verify this by asking your lawyers. A purchaser's lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is under 80 years. In the circumstances it is important at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If you hold a share in a the freehold, you should make sure that you hold the original share document. Arranging a re-issued share certificate can be a time consuming formality and delays many a Pontprennau home move. If a duplicate share is needed, do contact the company director and secretary or managing agents (where applicable) for this as soon as possible. If you have carried out any alterations to the residence would they have required Landlord’s permission? In particular have you laid down wooden flooring? Pontprennau leases often stipulate that internal structural alterations or laying down wooden flooring require a licence from the Landlord approving such changes. Should you dont have the approvals in place do not contact the landlord without contacting your conveyancer in the first instance.

I bought a ground floor flat in Pontprennau, conveyancing formalities finalised November 2010. Can you work out an approximate cost of a lease extension? Similar flats in Pontprennau with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ends on 21st October 2079

With 55 years remaining on your lease we estimate the price of your lease extension to range between £31,400 and £36,200 plus legals.

The suggested premium range that we have given is a general guide to costs for renewing 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 may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.