In what way does my ID and proof of funds have anything to do with my conveyancing in Colney Hatch? Is this really warranted?

You are right in these requests have nothing to do with conveyancing in Colney Hatch. Nowadays you can not proceed with any conveyancing process in the absence handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a bank statement. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper section and photo card part, one is not satisfactory without the other.

Evidence of your source of monies is mandated in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancer must have this information on file. Your Colney Hatch conveyancing practitioner will require evidence of proof of funds prior to accepting any money from you into their client account and they may also ask further queries concerning the source of monies.

I am buying a house and the conveyancer has identified Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. He has recommended insurance. Is this strictly appropriate for conveyancing in Colney Hatch

Unless a prior acquisition of the premises took place post 12 October 2013 you could take it that solicitors delivering conveyancing in Colney Hatch to remain encouraging a chancel search and or chancel repair liability insurance.

I have justfound out that Wolstenholmes have been shut down. They conducted my conveyancing in Colney Hatch for a purchase of a leasehold apartment 10 months ago. How can I be sure that my home is in my name in the name of the former proprietor?

The quickest way to see if the property is in your name, you can carry out 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 Colney Hatch conveyancing specialists.

How does conveyancing in Colney Hatch differ for new build properties?

Most buyers of new build property in Colney Hatch contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Colney Hatch typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Colney Hatch or who has acted in the same development.

Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Colney Hatch I like with a park and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Colney Hatch in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.