What does my ID and proof of funds have anything to do with my conveyancing in Shooter's Hill? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Shooter's Hill. However these days you can not proceed with any conveyancing transaction if you have not handing over evidence of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Remember if you are supplying your driving licence as evidence of ID it must be both the paper section and photo card part, one is not satisfactory without the other.
Evidence of the origin of money is required under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancing solicitor must retain this information on record. Your Shooter's Hill conveyancing practitioner will require evidence of proof of funds before they are able to accept any funds from you into their client account and they will also ask additional queries regarding the source of funds.
My lawyer in Shooter's Hill has never been on on the Godiva Mortgages Ltd Solicitor Panel. Can I still continue with my prefered solicitor notwithstanding that they are not on the Godiva Mortgages Ltd panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your preferred Shooter's Hill lawyers but Godiva Mortgages Ltd will need to instruct a conveyancer on their panel. This will inevitably rack up the total legal fees as well as result in delays.
- Choose an alternative lawyer to to deal with the conveyancing, remembering to check they are Convince your lawyer to do everything within their powers to join the Godiva Mortgages Ltd conveyancing panel
Despite weeks of looking the Title Certificate and documents to my home can not be found. The solicitors who handled the conveyancing in Shooter's Hill 10 years ago are no longer around. What are my options?
As long as you have a registered title the information relating to your ownership will be documented by HMLR under a Title Number. It is possible to carry out a search at the Land Registry, locate your property and get up to date copies of the Registered Entries for a small fee. If the title is Leasehold then the Land Registry will also normally retain a certified copy of the Registered Lease and again, a copy can be obtained for a small fee.
In searching the world wide web for the term conveyancing in Shooter's Hill it shows results of many conveyancersin the vicinity. How do I determine which is the right property lawyer for purchase transaction?
The preferential way of seeking a suitable conveyancer is via personal referral, so ask colleagues and relatives who have purchased a property in Shooter's Hill or a local estate agent or mortgage broker. Fees for conveyancing in Shooter's Hill differ, so it's sensible to secure a minimum of four estimates from varying types of conveyancers. Dont forget to clarify what costs in the quote includes.
I am attracted to a couple of maisonettes in Shooter's Hill both have in the region of 50 years remaining on the lease term. Do I need to be concerned?
There are plenty of short leases in Shooter's Hill. The lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the marketability of the lease decreases and it becomes more costly to acquire a lease extension. For this reason it is often a good idea to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on properties of this type. Lease enfranchisement can be a protracted process. We recommend you seek professional help from a conveyancer and surveyor with experience in this arena.
After months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Shooter's Hill. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to assess the premium.
An example of a Lease Extension decision for a Shooter's Hill premises is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case affected 1 flat.