I require conveyancing for an apartment in a fairly new development (five years built) in Bolsover. Almost all the appartments are already disposed of. Do I need carry out the conveyancing searches for my conveyancing in Bolsover?

Conveyancing Searches are a central link in the Bolsover conveyancing process. There are numerous search providers who offer Bolsover conveyancing searches, as well direct from the local authority. These are generally termed personal search providers due to them carrying out, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must obtain their information from the local authoritative source.

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

Bolsover conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under money laundering regulations to verify the ID of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to disclose two forms of certified identification; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement no more than three months).

Confirmation of source of monies is also required in compliance with the money laundering statutes as conveyancers have a duty to check that the funds you are using to purchase a property (be it the exchange deposit or the full purchase price if you are a cash purchaser) has originated from legitimate source (such as an inheritance) and is not the product of criminal activity.

We're in Bolsover, First timers purchasing with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

My wife and I have a renovated Victorian house in Bolsover. Conveyancing solicitor acted for me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bolsover and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing practitioner who conducted the purchase.

I am hoping to sign contracts shortly on a basement flat in Bolsover. Conveyancing solicitors assured me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Bolsover should include some of the following:

Responsibility for repairing the window frames What options are available to the landlord where you are in breach of your lease terms? The unexpired lease term. You should be advised as what happens when the lease expires, and aware of the importance of the 80 year mark You should be told what counts as a Nuisance as far as the lease is concerned It needs to be made clear to you if the lease allows you to add or improve aspects of the property- you should know whether any restrictions applies to all alterations or limited to structural alteration, and whether licences for alterations is required

I own a garden flat in Bolsover, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Bolsover with over 90 years remaining are worth £227,000. The ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2096

You have 72 years unexpired we estimate the price of your lease extension to be between £9,500 and £11,000 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.