What does my ID and proof of funds have anything to do with my conveyancing in Anstey? Why is this being asked of me?

Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you are required to sign should stipulate this. Your lender will also require certain documents to be viewed. Should you are unwilling to hand over ID verification documents, your conveyancer would not be able to act for you.

We just had an offer accepted to buy with Norwich and Peterborough Building Society. We have called around locally but cant to find a Anstey conveyancing firm on the Norwich and Peterborough Building Society approved list. Can you help?

You should take advantage of the search tool on this page. Please choose the lender and type Anstey or your preferred area and you will discover a number of lawyer offices in Anstey or by proximity to you.

Are there restrictive covenants that are commonly picked up during conveyancing in Anstey?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Anstey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

The estate agent has sent us the confirmation of our purchase of a new build flat in Anstey. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Anstey

Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I've found a house that seems to meet my requirements, at a reasonable price which is making it more attractive. I have just found out that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Anstey. Conveyancing solicitors have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Anstey ?

Most houses in Anstey are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are buying in Anstey so you should seriously consider shopping around for a Anstey conveyancing solicitor and be sure that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’spermission to carry out alterations. You may also be required to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your solicitor should appraise you on the various issues.

I purchased a garden flat in Anstey, conveyancing formalities finalised in 2009. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Anstey with an extended lease are worth £180,000. The ground rent is £65 invoiced annually. The lease runs out on 21st October 2084

With 58 years left to run we estimate the premium for your lease extension to range between £22,800 and £26,400 plus costs.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.