What does my ID and proof of funds have anything to do with my conveyancing in Truro? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you are required to sign should confirm this. Your lender will also require certain documents to be viewed. If you are unwilling to supply ID verification documents, your solicitor would not be able to accept instructions from you.
My wife and I purchased a semi-detached Edwardian house in Truro. Conveyancing lawyer acted for me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Truro and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing solicitor who conducted the work.
How does conveyancing in Truro differ for newly converted properties?
Most buyers of new build or newly converted property in Truro approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is completed. This is because builders in Truro tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Truro or who has acted in the same development.
Am I better off to instruct a Truro conveyancing lawyer based in the area that I am purchasing? An old friend can perform the legal formalities however his firm is located 300miles drive away.
The primary upside of using a high street Truro conveyancing practice is that you can attend the office to execute documents, deliver your identification documents and pester them if necessary. Having local Truro know how is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and on the whole were happy that must trump using an unknown Truro conveyancing solicitor solely due to them being Truro based.
There are only Seventy years left on my flat in Truro. I now want to get lease extension but my freeholder is can not be found. What options are available to me?
On the basis that you meet the appropriate requirements, 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 enable the lease to be extended by the Court. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to find the freeholder. For most situations an enquiry agent would be useful to conduct investigations and prepare a report to be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s disappearance and the application to the County Court covering Truro.
Truro Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
What is the name of the managing agents? Are any of leasehold owners in arrears of their service charge liability?