What does my ID and proof of funds have anything to do with my conveyancing in Aylsham? Is this really necessary?

Aylsham conveyancing solicitors as well as nationwide property lawyers accross the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients are required to disclose two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement less than 3 months old).

Evidence of source of monies is also necessary under the money laundering regulations as lawyers are obliged to ensure that the monies you are using to acquire a property (be it the exchange deposit or the total purchase monies if you are a cash purchaser) has originated from legitimate source (such as employment savings) as opposed to the product of illegitimate behaviour.

My wife and I have recently appointed a conveyancing solicitor in Aylsham. I need to find out whether they are accepted on the National Westminster Bank conveyancing panel. Can you or the lender confirm if they are on the panel?

You should phone your lawyer and enquire if they can act for the bank. Alternatively please get in touch with National Westminster Bank who may be able to confirm.

I need some expedited conveyancing in Aylsham as I am faced with a deadline to exchange contracts inside 2 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?

As you are are a mortgage free buyer you are at free not to have searches carried out although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Aylsham the following are examples of what can be revealed and therefore affect market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...

In scouring the web for the term cheap conveyancing in Aylsham it brings up many conveyancerslocally. With so much choice what is the best way to find the suitable solicitor for the sale of my house?

The best method of seeking a suitable conveyancer is through a personal referral, so enquire of friends and those you trust who have bought a property in Aylsham or the respected estate agent or financial adviser. Costs for conveyancing in Aylsham differ, so it's a good idea to secure a minimum of three fee estimates from different companies. Make sure that you know that the costs are guaranteed not to to be inflated.

My wife and I purchased a leasehold house in Aylsham. Conveyancing and Barnsley Building Society mortgage organised. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Aylsham who previously acted has long since retired. Any advice?

First make enquiries of HMLR to make sure that this person is in fact the new freeholder. There is no need to instruct a Aylsham conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I bought a ground floor flat in Aylsham, conveyancing was carried out in 2000. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Aylsham with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 per annum. The lease finishes on 21st October 2079

With 54 years remaining on your lease we estimate the price of your lease extension to be between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.