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Recently asked questions about conveyancing in Killay

We were about to choose a conveyancing solicitor in Killay recommended by you but stumbled across some other fee calculations on the internet look less pricey – how come?

You can find a variety of solicitors advertising what appear to be the cheapest conveyancing in Killay. You should give due consideration about how important this transaction is to you that you are willing to take 'cheap' risks over the quality of the legal work. Some embed fees deep into the terms of business. The law firms that we put forward for conveyancing in Killay will notbehave this way.

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

It is indeed that case that these requests have nothing to do with conveyancing in Killay. Nowadays you will not be able to complete any conveyancing transaction without first handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a utility bill. Remember if you are supplying your driving licence as evidence of identification it needs to be both the paper section and photo card part, one is not acceptable without the other.

Verification of your origin of monies is necessary under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer must retain this information on file. Your Killay conveyancing practitioner will need to see evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further queries regarding the source of funds.

About to purchase a new build apartment in Killay. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

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

    Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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.

I decided to have a survey completed on a property in Killay before retaining solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some lenders may refuse to grant a loan on a flying freehold home.

It varies from the lender to lender. Santander has different requirements from Nationwide. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Killay. Conveyancing will be smoother if you use a solicitor in Killay especially if they regularly deal with such properties in Killay.

What does commercial conveyancing in Killay cover?

Non domestic conveyancing in Killay incorporates a wide array of services, supplied by regulated solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

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Find out more about how flying freehold can affect your the value of a property.