What does my ID and proof of funds have anything to do with my conveyancing in Rottingdean? Why is this being asked of me?

You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Rottingdean. However these days you will not be able to complete any conveyancing deal without first handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Remember 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 sufficient in the absence of the other.

Verification of the origin of money is necessary in accordance with the Money Laundering Regulations. Don’t be offended when you are asked to produce this as your lawyer will need to have this information on file. Your Rottingdean conveyancing practitioner will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask additional queries regarding the origin of monies.

Do I need to take out insurance to protect me from financial exposure to chancel repairs when purchasing a residence in Rottingdean?

Unless a previous purchase of the property took place after 12 October 2013 you could take it that lawyers carrying out conveyancing in Rottingdean to remain encouraging a chancel search and or insurance against a claim.

I used Stirling Law several years past for my conveyancing in Rottingdean. Now, I need the files but the law firm has closed. What do I do?

You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Rottingdean of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

I have been on the look out for a ground for flat up to £305k and found one near me in Rottingdean I like with open areas and transport links in the vicinity, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Rottingdean for this price, so just wondered if I would be making a mistake buying a short lease?

If you need a home loan the shortness of the lease will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.

I want to rent out my leasehold flat in Rottingdean. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?

The lease dictates the relationship between the landlord and you the flat owner; specifically, it will indicate if subletting is banned, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Rottingdean do not prevent subletting altogether – such a clause would undoubtedly devalue the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.

I purchased a leasehold flat in Rottingdean, conveyancing was carried out 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Rottingdean with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ends on 21st October 2099

You have 75 years unexpired the likely cost is going to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.