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

High Wycombe conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the ID of any client with a view to satisfy themselves that clients are who they say they are.

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

Evidence of source of funds is also required under the money laundering regulations as solicitors are required to ensure that the monies you are using to buy a property (whether it be the deposit for exchange or the full purchase price if you are a cash purchaser) has originated from a reputable source (such as employment savings) and is not the product of criminal behaviour.

I am looking to sell my property. My previous solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in High Wycombe if that makes things easier.

You should use our search tool to help you find a solicitor for your conveyancing in High Wycombe. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.

We're new on the property ladder - agreed a price, but the estate agent has warned us that the seller will only move forward if we instruct the agent's preferred solicitors as they want a ‘quick sale’. We would rather use a local conveyancer accustomed to conveyancing in High Wycombe

We suspect that the seller is not behind this request. If they desire ‘a quick sale', turning down a serious purchaser is counter productive. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you are going to instruct your preferred High Wycombe conveyancing solicitors - rather thanthe ones that will earn the estate agent a kickback or hit his conveyancing targets demanded by HQ.

What makes a High Wycombe lease unmortgageable?

There is nothing unique about leasehold conveyancing in High Wycombe. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:

Insurance obligations

A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, Chelsea Building Society, and Clydesdale all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the buyer to pull out.

I am the registered owner of a 1st floor flat in High Wycombe, conveyancing was carried out December 1995. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in High Wycombe with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease runs out on 21st October 2088

With only 63 years remaining on your lease we estimate the premium for your lease extension to span between £16,200 and £18,600 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. 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 you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.

We are contemplating choosing an online solicitor as opposed to a High Wycombe conveyancing firm. Should I ‘stay local’?

Numerous benefits exist in being able to visit a local High Wycombe conveyancing solicitor for example

• signing documents and and when necessary
• often being able to speak to someone face-to-face can make a significant difference, particularly for non-standard transactions
• the ability to raise concerns if things need to addressed

When analysing fees, look out for hidden extras. The majority decent High Wycombe high street solicitors give an all-inclusive price. Often online agents seem to offer cheap fees, yet have burried 'extras' in the small print.