In what way does my ID and proof of funds have anything to do with my conveyancing in Stoke Park? Is this really necessary?
It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Stoke Park. Nowadays you will not be able to 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. Please note that if you are providing your driving licence as evidence of ID it must be both the paper section and photo card part, one is not acceptable without the other.
Proof of your source of money is necessary in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer will need to retain this information on file. Your Stoke Park conveyancing practitioner will require evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional queries concerning the origin of funds.
Do I have to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Stoke Park so that I can attend their offices if required.
Whereas this was necessary 15 years ago, the vast majority banks no longer require their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to hand over identification documents and there are still distinct benefits to using a local practitioner, in your situation a conveyancing solicitor in Stoke Park.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Stoke Park is where the house is located. Is there any advice you can impart?
Flying freeholds in Stoke Park are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stoke Park you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stoke Park may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to instruct a conveyancing solicitor in Stoke Park for my house move. Can I check a solicitor's record with the legal regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training reasons.
Can you offer any advice when it comes to choosing a Stoke Park conveyancing practice to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Stoke Park conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Stoke Park conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
Can they put you in touch with clients in Stoke Park who can give a testimonial?
I am the registered owner of a studio flat in Stoke Park, conveyancing formalities finalised December 2003. How much will my lease extension cost? Comparable flats in Stoke Park with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease expires on 21st October 2084
With just 65 years unexpired we estimate the price of your lease extension to span between £13,300 and £15,400 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should 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. You should not take any other action placing reliance on this information without first seeking the advice of a professional.