In what way does my ID and proof of funds have anything to do with my conveyancing in Harleston? What am I being asked for?

Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identity of the person or body they are dealing with before they can accept their conveyancing retainer. The Terms of Engagement that you need to sign should confirm this. Your lender will also require certain documents to be checked. Where you refuse to hand over ID verification documents, your lawyer can not take you on as a client.

I purchased my flat on 4 March and the transaction details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Harleston said it will be dealt with in a couple of weeks. Are properties in Harleston uniquely lengthy to register?

As far as conveyancing in Harleston is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can vary subject to who lodges the application, whether there are errors and if the Land registry must send notices to any 3rd parties. As of today approximately 80% of such applications are fully addressed in less than three weeks but occasionally there can be longer delays. Registration is effected after the buyer is living at the property therefore post completion formalities is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers could speak with the land registry and explain the circumstances.

I am looking to sell my home. My previous conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Harleston if that makes things easier.

You should use our search tool to help you find a solicitor for your conveyancing in Harleston. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.

I am looking at a two apartments in Harleston both have approximately forty five years left on the leases. Do I need to be concerned?

There are no two ways about it. A leasehold flat in Harleston is a deteriorating asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it reduces the salability of the property. The majority of purchasers and mortgage companies, leases with less than eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Harleston conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I purchased a garden flat in Harleston, conveyancing formalities finalised 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Harleston with over 90 years remaining are worth £176,000. The ground rent is £50 invoiced annually. The lease finishes on 21st October 2104

With 80 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.

My husband and I are hoping to buy a three room first floor flatin Harleston with a loan from a mortgage company. We would like to retain our conveyancer in Harleston but our mortgage company says he's not approved on their "panel". Apparently we need to choose from the our mortgage company panel solicitors or stay with our Harleston conveyancer and pay for one of their panel ones to represent our bank. This seems very unfair; Can we not simply insist that our lender use our Harleston lawyer?

No, not really. The bank home loan issued is subject to its terms and conditions, one of which will be that solicitors will on the bank's conveyancing panel. in the past, most mortgage companies had large numbers of law firms on their panels, including almost all conveyancing solicitors in Harleston : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your mortgage company.