In what way does my ID and proof of funds have anything to do with my conveyancing in Meir? Is this really warranted?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms and Conditions that you need to sign will no doubt confirm this. Your lender will also require certain documents to be viewed. Where you refuse to hand over identification documents, your lawyer would not be able to accept instructions from you.
Despite weeks of looking the Title Certificate and documents to my home are lost. The solicitors who conducted the conveyancing in Meir 5 years ago have long since closed. Will I be able to sell the house?
You no longer need to have the physical original deeds to prove you own the land or property, as the Land Registry hold details of all registered land or property electronically.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Meir is the location of the property. What do you suggest?
Flying freeholds in Meir are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Meir you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Meir may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My brother has suggested that I use his lawyers for conveyancing in Meir. Should I choose my own conveyancer?
There are no two ways about it the ideal way to find a conveyancing practitioner is to seek guidance from friends or family who have actually experience in using the firm that you are are thinking of instructing.
We own a leasehold flat in Meir. Conveyancing was finished in 2010. I have heard that I should not let the lease length get too low. Why is that a problem?
Meir leasehold properties are for a set term - normally ninety nine years when they are first granted. However many flats in Meir were built or converted 25 or more years ago and so these leases now have under 80 years left to run. This may seem like a long time however Banks, Building Societies and other mortgage companies tend to need leases to have at least 75 years remaining to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are approaching eighty years. To increase your property value you should be considering whether or not to extend your lease long before you come to sell it. There are also significant benefits to taking action before the lease hits eighty years as when the lease falls below eighty years the premium you have to pay to extend starts to escalate.