I went with a local firm for our conveyancing in Riddlesdown today. After carefully reading the Ts and Cs I notewe are responsible for charges even if our purchase doesn't happen. Would I be best advised to appoint an internet conveyancing company offering no-sale-no-fee conveyancing in Riddlesdown?
It is usually a trade off in that if "No Sale No Fee" is available then the fee levels will generally be higher to offset the cases that do not proceed. Dont forget that these schemes generally do not protect you from expenditure by way of example Riddlesdown conveyancing search expenses.
What does my ID and proof of funds have anything to do with my conveyancing in Riddlesdown? Is this really necessary?
In order to comply with Money Laundering Regulations any Riddlesdown conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing where you live.
In accordance with Money Laundering Regulations, conveyancers are duty bound to validate not only the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I'm buying a new build house in Riddlesdown with the aid of help to buy. The developers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not reveal to my lawyer about the side-deal as it will impact my mortgage with Barclays . Is this normal?.
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.
As co-executor for the estate of my grandmother I am selling a residence in Newport but reside in Riddlesdown. My solicitor (who is 300 miles from meneeds me to execute a statutory declaration before completion. Could you suggest a conveyancing lawyer in Riddlesdown who can attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are located in Riddlesdown
I am employed by a busy estate agent office in Riddlesdown where we have experienced a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have received contradictory information from local Riddlesdown conveyancing solicitors. Please can you confirm whether the seller of a flat can start the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
We have reached the end of our tether in trying to purchase the freehold in Riddlesdown. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We are happy to put you in touch with a Riddlesdown conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Riddlesdown flat is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case was in relation to 6 flats. The number of years remaining on the existing lease(s) was 78.32 years.