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

In order to comply with Money Laundering Regulations any Sandhurst conveyancing firm will require proof of identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing your correct address.

In accordance with Money Laundering Regulations, property lawyers are required to check not just the ID of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your property lawyers are duty bound to inform the appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.

Just bought a terraced house in Sandhurst , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Sandhurst conveyancing solicitor works at snail pace, so I want to check the registration is addressed.

As far as conveyancing in Sandhurst registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can differ depending on the party submitting the application, whether there are errors and whether the Land registry must send notices to any 3rd parties. At present in the region of 80% of submission are completed in less than three weeks but some can be subject to longer hold-ups. Historically registration is effected once the purchaser is living at the premises therefore registration formalities is not always primary concern yet where there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.

I have been on the look out for a leasehold apartment up to £305k and found one near me in Sandhurst I like with open areas and station in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Sandhurst for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you require a mortgage that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.

I am looking for a conveyancing lawyer in Sandhurst for my remortgage. Is it possible to see a solicitor's record with the legal regulator?

Anyone can review documented Solicitor Regulator Association (SRA) decisions arising from investigations commenced on or after 1 January 2008. Go to Check a solicitor's record. To find information Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes recorded call for training reasons.

I wish to rent out my leasehold apartment in Sandhurst. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?

A lease dictates relations between the landlord and you the flat owner; specifically, it will set out if subletting is banned, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Sandhurst do not prevent strict prohibition on subletting – such a provision would adversely affect the market value the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.

I own a 2 bed flat in Sandhurst, conveyancing having been completed in 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Sandhurst with over 90 years remaining are worth £176,000. The ground rent is £50 per annum. The lease terminates on 21st October 2105

With only 80 years left to run we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns 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 seeking the advice of a professional.