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

It is indeed that case that these requests have nothing to do with conveyancing in Westbourne. Nowadays you can not complete any conveyancing deal in the absence supplying evidence of your identity. This usually takes the form of a either your passport or driving licence plus a council tax bill. Please note that if you are providing your driving licence as evidence of ID it must be both the paper section as well as the photo card part, one is not acceptable without the other.

Verification of your source of monies is necessary under Money Laundering Regulations. You should not be offended when you are asked to produce this as your lawyer will need to retain this information on record. Your Westbourne conveyancing practitioner will require evidence of proof of funds before they are able to accept any money from you into their client account and they should also ask further questions concerning the source of monies.

I have been referred to a conveyancing solicitor in Westbourne. I I am struggling to find out whether they are accepted on the HSBC Bank approved list of lawyers. Can you or the lender confirm if they are on the panel?

The first thing to do is e-mail your conveyancer and enquire whether they are on the lender panel. Alternatively please get in touch with HSBC Bank who may be able to confirm.

A friend recommended that where I am buying in Westbourne I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is sometimes included in the estimate for your Westbourne conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Westbourne around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Westbourne Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information about Westbourne.

I'm converting the mortgage on my existing home to a BTL loan with The Royal Bank of Scotland and intend to use the remaining equity as a down payment on another house. The neighborhood we are interested in is Westbourne. Will your solicitors be able to act for both sets of banks and link together the conveyances?

Make use of our search tool on this page to be sure that the solicitors are approved by both lenders. Assuming that they are the conveyancer should be able to tie up the two transactions but you should talk with you solicitor and specify your expectations and needs.

I have recently realised that I have Seventy years remaining on my lease in Westbourne. I now want to extend my lease but my landlord is can not be found. What should I do?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. However, you will be required to prove that you have done all that could be expected to find the lessor. On the whole a specialist should be useful to carry out a search and to produce an expert document to be accepted by the court as proof that the landlord can not be located. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s absence and the vesting order request to the County Court covering Westbourne.

I am the registered owner of a leasehold flat in Westbourne, conveyancing formalities finalised 9 years ago. How much will my lease extension cost? Similar flats in Westbourne with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease finishes on 21st October 2076

With just 52 years left to run we estimate the price of your lease extension to range between £29,500 and £34,000 plus legals.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.