What does my ID and proof of funds have anything to do with my conveyancing in Martlesham Heath? What am I being asked for?

Martlesham Heath conveyancing solicitors as well as nationwide property lawyers accross the UK have an obligation under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.

Conveyancing clients are required to supply two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement no older than three months).

Proof of the origin of monies is also necessary under the money laundering statutes as solicitors are required to investigate that the funds you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase price if you are buying mortgage free) has come from legitimate source (such as an inheritance) rather than the product of criminal activity.

I am about to put an offer on a leasehold property in Martlesham Heath. The property agents advise that it is usual for flats in Martlesham Heath to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Virgin. Will the property be mortgageable given that the lease has 72 years remaining.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 28/1/2025 the requirements read as follows :

I am purchasing a house and the solicitor has raised the issue of Chancel Repair for which the house could be liable because it falls into the area of such a church. He has mentioned insurance. Is this strictly warranted for conveyancing in Martlesham Heath

Unless a prior purchase of the house completed after 12 October 2013 you can assume that conveyancing practitioners carrying out conveyancing in Martlesham Heath to remain encouraging a chancel search and or chancel repair liability insurance.

I have todaybecome aware that Action Conveyancing have closed. They conducted my conveyancing in Martlesham Heath for a purchase of a freehold house 12 months ago. How can I check that the property is in my name in the name of the former proprietor?

The quickest method to see if the property is registered to you, you can make 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 Martlesham Heath conveyancing specialists.

I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable price which is making it more attractive. I have just found out that the title is leasehold rather than freehold. I would have thought that there are particular concerns purchasing a leasehold house in Martlesham Heath. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?

Most houses in Martlesham Heath are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Martlesham Heath so you should seriously consider looking for a Martlesham Heath conveyancing practitioner and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your lawyer will report to you on the legal implications.

Martlesham Heath Leasehold Conveyancing - Examples of Questions you should consider Prior to buying

How much is the maintenance charge and ground rent on the apartment? The prefered form of lease structure is where the freehold interest is in the ownership of the leaseholders. In this scenario the lessees benefit from control and even though a managing agent is usually employed if it is larger than a house conversion, the managing agent is directed by the tenants. Are there any major works in the near future that will likely increase the maintenance fees?