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

In order to comply with Money Laundering Regulations any Red Lodge conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you reside.

Under Money Laundering Regulations, property lawyers are required to validate not simply the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this may lead to your solicitor terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your property lawyers are duty bound to make a disclosure to the appropriate authorities should they consider that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.

I am purchasing a new build house in Red Lodge with the aid of help to buy. The builders refused to move on the price so I negotiated 6k of extras instead. The estate agent advised me not inform my lawyer about this side-deal as it would adversely affect my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I'm converting the mortgage on my existing house to a BTL mortgage with Birmingham Midshires and I will use the ballance of the raised equity as a down payment on a second property. The neighborhood we are interested in is Red Lodge. Will your lawyers be able to act for both sets of banks and tie in the two deals?

Do use our search tool on this page to be sure that the lawyers are on the appropriate lender panels. Having checked that they are your lawyer should be able to connect the two transactions but you should talk with you solicitor and make clear your desired outcome and requirements.

I have recently realised that I have Seventy years remaining on my flat in Red Lodge. I need to extend my lease but my freeholder is missing. What should I do?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply 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 magistrate. However, you will be required to prove that you or your lawyers have done all that could be expected to locate the freeholder. On the whole an enquiry agent may be useful to conduct investigations and to produce an expert document to be used as evidence that the freeholder is indeed missing. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Red Lodge.

I purchased a basement flat in Red Lodge, conveyancing formalities finalised in 1999. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Red Lodge with a long lease are worth £195,000. The ground rent is £45 yearly. The lease ends on 21st October 2089

With only 63 years left to run we estimate the price of your lease extension to range between £16,200 and £18,600 as well as professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.

What type of premises does your Red Lodge conveyancing quotes relate to?

The quotes provided are only relevant to standard domestic property in England & Wales. Should you have any different requirements such as industrial or agricultural property or commercial conveyancing in Red Lodge do telephone us to consider your requirements .