What does my ID and proof of funds have anything to do with my conveyancing in Wickersley? Is this really warranted?
You are right in these requests have nothing to do with conveyancing in Wickersley. Nowadays you will not be able to proceed with any conveyancing transaction without first submitting proof of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part as well as the photo card part, one is not satisfactory in the absence of the other.
Evidence of the origin of monies is required in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your lawyer will need to retain this information on record. Your Wickersley conveyancing practitioner will require evidence of proof of funds prior to accepting any money from you into their client account and they may also ask further queries regarding the origin of funds.
How does conveyancing in Wickersley differ for new build properties?
Most buyers of new build property in Wickersley come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Wickersley usually buy the land, 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 Wickersley or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Wickersley ahead of instructing conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some lenders will not give a loan on a flying freehold home.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wickersley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wickersley to see if the conveyancing costs will increase in light of this.
Is it possible to transfer to a new firm as I need to find one who is on the Barclays conveyancing panel. I was using a family conveyancing solicitor in Wickersley five minutes from me but the firm is not approved by Barclays
We will our best to assist in finding you a conveyancing solicitor in Wickersley on the Barclays panel. Please note that the law firms that we list do not pay us fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Wickersley. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Wickersley.
I am employed by a busy estate agency in Wickersley where we have witnessed a few leasehold sales put at risk as a result of short leases. I have received contradictory information from local Wickersley conveyancing solicitors. Could you clarify whether the owner of a flat can start the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Wickersley Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying
Are any of leasehold owners in dispute over their service charge liability? You should want to find out as much as possible regarding the company managing the building as they can either make your life much easier or much more difficult. As the proprietor of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to every day issues such as the cleanliness of the common parts. Enquire of other tenants what they think of them. On a final note, find out the dates that the maintenance charges are due to the managing agents and precisely how they are spending that money. Does the lease include onerous restrictions?