I am expecting a mortgage offer from Santander. My intention is to enlist the help of a Licensed Conveyancer in Sawtry. Does the Santander Solicitor panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
In what way does my ID and proof of funds have anything to do with my conveyancing in Sawtry? What am I being asked for?
In order to comply with Money Laundering Regulations any Sawtry conveyancing firm will require evidence of your 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.
Under Money Laundering Regulations, property lawyers are required to check not just the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this will lead to your lawyer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
I opted to have a survey done on a property in Sawtry ahead of appointing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies will refuse to give a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sawtry. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sawtry to see if the conveyancing will be more expensive.
I only have Fifty years remaining on my flat in Sawtry. I need to get lease extension but my freeholder is can not be found. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to track down the lessor. In some cases a specialist would be useful to carry out a search and to produce a report which can be used as proof that the landlord can not be located. It is advisable to get professional help from a solicitor in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Sawtry.
I purchased a basement flat in Sawtry, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Sawtry with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2085
With just 64 years unexpired the likely cost is going to span between £14,300 and £16,400 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
We are in the process of buying a property in Sawtry. Conveyancing is not yet done but we would like keep the amount we are are buying for confidential from the likes of Nestoria. Is this achievable and how?
HMLR as a matter of law obliged to note price sold information on the official title for domestic properties countrywide which includes premises in Sawtry. The register of title is an open document, so the Land Registry would be breaking the law excluded specific properties such as the property in Sawtry.
In essence you can ask the Land Registry to hide the price paid entry however the answer will be a No.