What does my ID and proof of funds have anything to do with my conveyancing in Wells Next The Sea? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Wells Next The Sea conveyancing firm will require evidence of your identity in all conveyancing matters. This is usually dealt with 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 obliged by law to validate not just the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will result in your solicitor 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 appropriate authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
A relative advised me that where I am buying in Wells Next The Sea I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Wells Next The Sea conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Wells Next The Sea around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Wells Next The Sea Education with maps and statistics, Local Amenities and other useful data regarding Wells Next The Sea.
I have justfound out that Wolstenholmes have been shut down. They carried out my conveyancing in Wells Next The Sea for a purchase of a leasehold apartment 18 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The quickest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wells Next The Sea conveyancing specialists.
How can the Landlord & Tenant Act 1954 affect my business offices in Wells Next The Sea and how can your lawyers assist?
The particular law that you refer to affords a safeguard to commercial lessees, giving them the a statutory right to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Wells Next The Sea is one of our many locations in which our lawyers have offices
My wife and I purchased a leasehold house in Wells Next The Sea. Conveyancing and Birmingham Midshires mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Wells Next The Sea who previously acted has long since retired. What should I do?
The first thing you should do is contact HMLR to be sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Wells Next The Sea conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a ground floor flat in Wells Next The Sea, conveyancing was carried out 7 years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Wells Next The Sea with an extended lease are worth £171,000. The ground rent is £50 levied per year. The lease finishes on 21st October 2105
With 79 years unexpired the likely cost is going to range between £8,600 and £9,800 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.