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

To satisfy the Money Laundering Regulations any Tarporley conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing where you reside.

In accordance with Money Laundering Regulations, property lawyers are obliged by law to ascertain not simply the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this may lead to your lawyer cancelling their retainer 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.

A colleague informed me that in purchasing a property in Tarporley there could be a number of restrictions prohibiting external changes to a property. Is this right?

We are aware of a number of properties in Tarporley which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Tarporley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

I can not fathom if my bank requires a lease extension. I have called my Tarporley bank branch on various occasions and was reassured it wasn't an issue and they will lend. My Tarporley conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?

As long as the lawyer is on the bank approved list, she or he must follow the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

After what feels like an age I have had an offer on a flat in Tarporley accepted, but there is a chain. The owners have placed an offer on somewhere, but it’s not yet tied up, and have viewings of other properties in the pipeline. I have selected a local conveyancing solicitor in Tarporley. What should be my next step? At what point do I apply for the mortgage with Bank of Ireland?

It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx £1k, then valuation, Tarporley conveyancing search charges, etc). The first course of action is to ensure that your solicitor is on the Bank of Ireland conveyancing panel. Concerning the next phase this very much dictated by the circumstances of your transaction, attraction to the property and on the state of the market. During a buoyant market the majority of home buyers will apply for the mortgage with Bank of Ireland and pay for the valuation and only if it was satisfactory would they ask their conveyancer to proceed with the conveyancing in Tarporley.

Are there restrictive covenants that are commonly identified during conveyancing in Tarporley?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Tarporley. 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…’

I have been on the look out for a ground for flat up to £245,000 and identified one close by in Tarporley I like with amenity areas and station nearby, however it's only got 61 years on the lease. There is not much else in Tarporley in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

Should you require a mortgage that many years may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.

What advice can you give us when it comes to appointing a Tarporley conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a solicitor for your lease extension (regardless if they are a Tarporley conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you speak with two or three firms including non Tarporley conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:

If they are not ALEP accredited then what is the reason? How experienced is the firm with lease extension legislation?

Tarporley Leasehold Conveyancing - Sample of Queries Prior to Purchasing

Plenty Tarporley leasehold properties will have a service charge for maintenance of the block levied on behalf of the landlord. Should you acquire the property you will have to meet this charge, usually periodically accross the year. This can vary from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all likelihood there will be a rentcharge for you to pay annual, this is usually not a significant amount, say around £25-£75 but you should to check as on occasion it can be many hundreds of pounds. How long is the Lease? How many of the leaseholders are in arrears for their service charge payments?