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Recently asked questions about conveyancing in Upney

We instructed a Upney based solicitor for my conveyancing in Upney today. After carefully reading the official terms of business it is apparent thatwe are liable for costs even if the dealdoes not go ahead. Should I ditch them and use a web based conveyancing company promising no move no charge conveyancing in Upney?

Generally there is a compromise along the lines that if "No Completion No Fee" is advertised then the fee levels will generally be uplifted to neutralise those conveyances that do not proceed. You should be mindful that such arrangements tend not to protect you from outlay e.g. Upney conveyancing search charges.

My fiancee and I are acquiring our first property. The solicitor has e-mailedto enquire if we would like to purchase supplemental conveyancing searches. We are really unsure what's relevant for conveyancing in Upney

The type of Upney conveyancing searches should be triggered based entirely on the property, the location, the probability of any of these risks, your familiarity of the area and risks, your overall attitude to risk. What is important is that you properly understand what information the searches could supply. You may then decide if you personally think you need that information. Should you be uncertain, ask the conveyancing practitioner to explain.

What does my ID and proof of funds have anything to do with my conveyancing in Upney? What am I being asked for?

You are right in these requests have nothing to do with conveyancing in Upney. However these days you will not be able to complete any conveyancing deal in the absence providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are providing your driving licence as evidence of ID it needs to be both the paper part and photo card part, one is not satisfactory without the other.

Evidence of your source of funds is mandated in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your lawyer will need to retain this information on file. Your Upney conveyancing lawyer will require evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask further questions concerning the source of funds.

Just had an offer accepted on a new build flat in Upney. 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 selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Upney

    There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. 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. 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. Forfeiture - bankruptcy or liquidation must not apply under this provision.

I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Upney is the location of the property. What do you suggest?

Flying freeholds in Upney are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Upney you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Upney 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 residence.

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