In what way does my ID and proof of funds have anything to do with my conveyancing in Fawley? Why is this being asked of me?

In order to comply with Money Laundering Regulations any Fawley conveyancing firm will require proof of identity in all conveyancing matters. This is usually satisfied by provision of a passport and an original bank statement or utility bill showing your correct address.

Under Money Laundering Regulations, conveyancers are required to ascertain not just the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this may lead to your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to notify the relevant authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.

My aunt passed away 10 months ago and as sole heir and executor I was left the house in Fawley. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this possible?

If you plan to refinance then Aldermore will require that you use a conveyancer on the Aldermore conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Aldermore conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Aldermore mortgage is registered as a charge at the Land Registry.

Just acquired a detached house in Fawley , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My Fawley conveyancing solicitor works at snail pace, so I want to be certain that my name is registered.

There is nothing unique about conveyancing in Fawley registration formalities. Rather than based on location, timescales can adjust subject to the party submitting the application, whether there are errors and whether the Land registry must send notices to any interested parties. Currently approximately 80% of submission are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Historically registration occurs once the buyer is living at the property so an expedited registration is not usually an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.

Estate agents have just been given the go-ahead to market my 2 bed apartment in Fawley. Conveyancing solicitors are to be appointed soon, but I have just had a half-yearly service charge demand – what should I do?

The sensible thing to do is discharge the service charge as you normally would because all rents and maintenance invoices should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Fawley Leasehold Conveyancing - Examples of Queries Prior to Purchasing

Is the freehold reversion owned jointly by the tenants? Make sure you investigate if the the lease includes any adverse restrictions in the lease. For example it is fairly common in Fawley leases that pets are not permitted in in a block in Fawley. If you like the flatin Fawley but your cat is not allowed to move with you then you have a very difficult choice. How much is the ground rent and service charge?

Why do Fawley conveyancing costs are more expensive for leasehold and freehold properties?

There is always more work needed in leasehold conveyancing. Fawley has many leasehold properties. There is more paperwork involved in the purchase: for example, the lease and leasehold information (including up to date service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.