In what way does my ID and proof of funds have anything to do with my conveyancing in West Green? What am I being asked for?

West Green conveyancing solicitors and indeed property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to ensure that clients are who they say they are.

Conveyancing clients will need to produce two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Utility Bill less than 3 months old).

Confirmation of source of monies is also necessary in accordance with the money laundering laws as lawyers are required to check that the monies you are utilising to acquire a property (be it the exchange deposit or the total purchase monies where you are buying without a mortgage) has come from legitimate source (such as an inheritance) as opposed to the proceeds of illegitimate activity.

Do the Building Society Association intend to launch a online directory to list solicitors on the conveyancing panel for example in West Green?

We are not aware of any intention on the part of the BSA to develop such a search facility.

I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. West Green is the location of the property. Can you offer any advice?

Flying freeholds in West Green are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West Green you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Green 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 am looking into buying my first house which is in West Green and I am already nervous. I couldn't find anything specific about West Green. Conveyancing will be needed in due course but do you know about the West Green area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at West Green. In the meantime here are some basic statistics that we found

I have recently realised that I have 72 years remaining on my flat in West Green. I now wish to get lease extension but my freeholder is missing. What should I do?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to prove that you have used your best endeavours to find the lessor. On the whole a specialist would be useful to try and locate and to produce a report to be used as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on investigating the landlord’s disappearance and the application to the County Court overseeing West Green.

I purchased a 1 bedroom flat in West Green, conveyancing formalities finalised 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in West Green with over 90 years remaining are worth £165,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 50

With 50 years remaining on your lease the likely cost is going to range between £36,100 and £41,800 as well as professional fees.

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 in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.