My best friend’s uncle is a conveyancer. I suspect that I will receive friends and family rates for conveyancing, However if that does not come materialise, what kind of fees would I typically be looking at for conveyancing in Balham?
It’s a good idea to look for two or three conveyancing quotes. Do use our search tool on this site. Whilst fees do contrast greatly but the service one can expect differ between property lawyers as is true with the vast majority of professional services.
In what way does my ID and proof of funds have anything to do with my conveyancing in Balham? Is this really necessary?
Balham conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under money laundering regulations to check the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill no more than three months).
Evidence of source of monies is also required in compliance with the money laundering laws as lawyers are mandated to check that the monies you are using to purchase a property (whether it be the deposit for exchange or the total purchase monies if you are a cash purchaser) has originated from a reputable source (such as an inheritance) and is not the product of criminal behaviour.
The deeds to my home can not be found. The lawyers who dealt with the conveyancing in Balham 10 years ago are no longer around. What are my next steps?
You no longer need to have the physical original deeds to establish that you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
I'm buying a new build house in Balham with a loan from Accord Mortgages Ltd. The sellers refused to reduce the price so I negotiated £7000 of extras instead. The house builders rep told me not to tell my solicitor about this extras as it will put at risk my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently bought a leasehold property in Balham. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Balham. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We can put you in touch with a Balham conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Balham premises is First Floor Flat 152a Ramsden Road in June 2009. The net result of the tribunals calculation produced a premium payable of £23,975. This case affected 1 flat. The unexpired term as at the valuation date was 56.67 years.