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

You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Reigate. Nowadays you can not proceed with any conveyancing process if you have not supplying proof of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are supplying your driving licence as evidence of ID it needs to be both the paper section as well as the photo card part, one is not satisfactory in the absence of the other.

Proof of your source of monies is required in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer must have this information on file. Your Reigate conveyancing solicitor will require evidence of proof of funds before they are able to accept any monies from you into their client account and they will also ask additional questions regarding the origin of funds.

I am purchasing a flat and require a conveyancing solicitor in Reigate who is on the Norwich and Peterborough Building Society solicitor. Could you point me in the right direction as regards a solicitor?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Norwich and Peterborough Building Society in certain locations such as Reigate. We dont recommend any particular firm.

The deeds to our house are lost. The lawyers who conducted the conveyancing in Reigate 5 years ago have long since closed. What are my next steps?

Gone are the days when you need to have the physical deeds to prove you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.

Just had an offer accepted on a new build flat in Reigate. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Reigate

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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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 confirm the Lease plans are architect prepared.

Last August I purchased a leasehold house in Reigate. Do I have any liability for service charges relating to a period prior to completion of my purchase?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I invested in buying a studio flat in Reigate, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Reigate with a long lease are worth £227,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease finishes on 21st October 2096

You have 71 years unexpired the likely cost is going to span between £9,500 and £11,000 plus professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.