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

You are right in these requests have nothing to do with conveyancing in Truro. However these days you can not proceed with any conveyancing deal if you have not supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Remember if you are providing your driving licence as proof of identification it must be both the paper part and photo card part, one is not acceptable in the absence of the other.

Verification of your origin of funds is necessary in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancer must retain this information on file. Your Truro conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any money from you into their client account and they will also ask additional questions concerning the origin of monies.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Truro?

There are many registered licenced Conveyancers in Truro and Solicitor practices in Truro to choose from It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. They may both also deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

I am currently in the process of buying my council flat in Truro. I have a mortgage agreed with Bank of Ireland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.

Intending to buy a apartment in Truro. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Truro solicitor is on the RBS conveyancing panel.

I opted to have a survey completed on a house in Truro before retaining lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks tend refuse to give a loan on such a house.

It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Truro. Conveyancing will be smoother if you use a solicitor in Truro especially if they are acquainted with such properties in Truro.

We are 14 days into a leasehold purchase having been recommend to conveyancers by the estate agent to perform conveyancing in Truro. I am not happy. Could you help me find new conveyancers?

They would have to be very bad in order to consider changing them. Has the mortgage been sent? If so you need to make them aware of the new lawyer and get the loan are re-issued. Your conveyancer should be on the mortgage company approved list to avoid supplemental costs and frustration. So that should be your first question of the new conveyancers. Our find a solicitor tool should help you find a lender approved conveyancer for your conveyancing in Truro

I own a leasehold flat in Truro. Conveyancing and Santander mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Truro who acted for me is not around. What should I do?

The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Truro conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I bought a studio flat in Truro, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Truro with an extended lease are worth £179,000. The average or mid-range amount of ground rent is £65 yearly. The lease comes to an end on 21st October 2080

With just 57 years unexpired we estimate the premium for your lease extension to span between £26,600 and £30,800 as well as professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.