In what way does my ID and proof of funds have anything to do with my conveyancing in Costessey? Why is this being asked of me?

Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing business. The Terms and Conditions that you need to sign should confirm this. Your lender will also require certain documents to be viewed. Where you refuse to provide identification documents, your conveyancer will not be able to take you on as a client.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Costessey. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Costessey

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants.

What does commercial conveyancing in Costessey cover?

Costessey conveyancing for business premises incorporates a broad array of guidance, provided by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

Am I better off to choose a Costessey conveyancing lawyer in close proximity to the house I am purchasing? An old friend can execute the legal formalities but her office is 200miles drive away.

The primary upside of using a local Costessey conveyancing firm is that you can drop in to execute paperwork, present your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that must trump using an unfamiliar Costessey conveyancing solicitor just because they are Costessey based.

We expect to complete our sale of a £325,000 apartment in Costessey next week. The freeholder has quoted £360 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Costessey?

Costessey conveyancing on leasehold maisonettes usually requires the buyer’s solicitor sending questions for the landlord to address. Although the landlord is not legally bound to answer such questions the majority will be willing to do so. They are at liberty to levy a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it is in excess of £800. The administration charge required by the landlord must be accompanied by a synopsis of rights and obligations in relation to administration charges, without which the invoice is technically not due. In reality one has no option but to pay whatever is demanded should you wish to complete the sale of your home.

Costessey Leasehold Conveyancing - Sample of Queries Prior to Purchasing

The best form of lease arrangement is a share of the freehold. In this scenario the tenants have being in charge if their destiny and even though a managing agent is often retained if it is bigger than a house conversion, the managing agent is directed by the tenants. It would be wise to investigate if the the lease contains any adverse restrictions in the lease. For instance some leases prohibit pets being permitted in in a block in Costessey. If you like the apartmentin Costessey however your dog can’t live with you then you will be presented with a hard determination. Best to be warned whether changing the roof or some other significant cost is coming up that will be shared by the tenants and will dramatically impact the level of the service charges or result in a specific invoice.