In what way does my ID and proof of funds have anything to do with my conveyancing in Stallingborough? Is this really warranted?

It is indeed that case that the requirement set out by your solicitor has nothing to do with conveyancing in Stallingborough. Nowadays you will not be able to complete any conveyancing deal in the absence submitting evidence of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Please note that if you are supplying your driving licence as proof of identification it must be both the paper part as well as the photo card part, one is not acceptable without the other.

Verification of your source of money is required under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor will need to retain this information on file. Your Stallingborough conveyancing lawyer 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 todaybecome aware that Wolstenholmes have been shut down. They conducted my conveyancing in Stallingborough for a purchase of a leasehold apartment 10 months ago. How can I check that my home is registered correctly in the name of the previous owner?

The easiest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stallingborough conveyancing specialists.

I decided to have a survey completed on a house in Stallingborough prior to retaining conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some lenders tend not grant a loan on a flying freehold property.

It varies from the lender to lender. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stallingborough. Conveyancing may be slightly more expensive based on your lender's requirements.

I am attracted to a couple of flats in Stallingborough both have approximately 50 years left on the leases. Do I need to be concerned?

There are plenty of short leases in Stallingborough. The lease is a right to use the property for a prescribed time frame. As the lease shortens the saleability of the lease reduces and results in it becoming more costly to extend the lease. This is why it is generally wise to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a conveyancer and surveyor with experience in this area.

I am the registered owner of a split level flat in Stallingborough, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Stallingborough with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ends on 21st October 2081

With only 55 years unexpired we estimate the premium for your lease extension to range between £31,400 and £36,200 plus plus your own and the landlord's "reasonable" 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 without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.

I have selected a Stallingborough conveyancing solicitor for our house purchase (novice purchasers) and have picked up in the terms and conditions that they are not overseen by the FCA. Need I be worried or is that standard with lawyer?

We can't see why they should be. Most property lawyer don't lend money. They should be governed by the SRA, who dictate strict rules regulating monies sitting in their bank.