Would the conveyancing practitioners that you recommend conduct right to buy conveyancing in Saxilby?

We work with a number of conveyancing conveyancers carrying out right to buy conveyancing work Do call the conveyancers listed in order to obtain a costs illustration.

What does my ID and proof of funds have anything to do with my conveyancing in Saxilby? Is this really necessary?

Saxilby conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under money laundering regulations to verify the identity of any client with a view to ensure that clients are who they say they are.

Conveyancing clients are required to provide two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill no older than three months).

Evidence of source of monies is also required in accordance with the money laundering statutes as lawyers are duty bound to check that the monies you are using to acquire a property (be it the exchange deposit or the total purchase price where you are buying mortgage free) has come from a reputable source (such as employment savings) as opposed to the product of criminal activity.

I have recentlybeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Saxilby for a purchase of a freehold house 10 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?

The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Saxilby conveyancing specialists.

We're new to the buying process - agreed a price, yet the agent informed us that the vendor will only issue a contract if we use the agent's recommended conveyancers as they are insisting on a ‘quick sale’. We would rather use a family conveyancer accustomed to conveyancing in Saxilby

It is unlikely the owners are driving this. Should the seller want ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your own,trusted Saxilby conveyancing solicitors - rather thanthose that will earn their negotiator at the agency a introducer fee or hit his conveyancing figures demanded by head office.

I am tempted by the attractive purchase price for a two maisonettes in Saxilby both have approximately 50 years unexpired on the lease term. Will this present a problem?

There are no two ways about it. A leasehold apartment in Saxilby is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it reduces the marketability of the premises. The majority of purchasers and mortgage companies, leases with under eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Saxilby conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I purchased a 1 bedroom flat in Saxilby, conveyancing having been completed February 2004. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Saxilby with over 90 years remaining are worth £190,000. The ground rent is £65 levied per year. The lease finishes on 21st October 2086

You have 61 years remaining on your lease we estimate the price of your lease extension to range between £19,000 and £22,000 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.