My friend's mother is a conveyancing practitioner. I hope that I will receive preferential pricing for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in Walham Green?
It’s prudent to obtain multiple conveyancing quotes. Do use our search tool on this site. Whilst fees may be different but the service one can expect are distinct between law firms as is true with the vast majority of professional services.
What does my ID and proof of funds have anything to do with my conveyancing in Walham Green? Why is this being asked of me?
Walham Green conveyancing solicitors as well as nationwide property practitioners accross the UK have an obligation under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).
Proof of source of monies is also necessary under the money laundering regulations as lawyers are obliged to investigate that the money you are utilising to acquire a property (be it the exchange deposit or the total purchase price where you are a cash purchaser) has originated from an acceptable source (such as an inheritance) and is not the product of criminal activity.
Over the last few months I have been searching for a flat up to £305k and found one near me in Walham Green I like with amenity areas and transport links in the vicinity, however it's only got 49 remaining years left on the lease. I can't really find anything else in Walham Green for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage the remaining unexpired lease term may be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I need to instruct a conveyancing practitioner in Walham Green for my remortgage. Can I see a solicitor's complaints history with the legal regulator?
One can search for published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator may monitor call for training requirements.
My wife and I purchased a leasehold house in Walham Green. Conveyancing and Birmingham Midshires mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Walham Green who previously acted has long since retired. What should I do?
The first thing you should do is contact HMLR to make sure that this person is in fact the new freeholder. It is not necessary to instruct a Walham Green conveyancing practitioner to do this as you can do this on the Land Registry website for £3. 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 acquired a ground floor flat in Walham Green, conveyancing having been completed January 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Walham Green with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease runs out on 21st October 2084
With 59 years remaining on your lease we estimate the premium for your lease extension to be between £20,900 and £24,200 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.