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

It is indeed that case that these requests have nothing to do with conveyancing in Potters Bar. However these days you can not complete any conveyancing transaction in the absence submitting proof of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a utility bill. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper section and photo card part, one is not sufficient in the absence of the other.

Evidence of your source of funds is required under Money Laundering Regulations. Please do not be offended when you are asked to produce this as your lawyer will need to retain this information on file. Your Potters Bar 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 additional questions concerning the source of monies.

Do commercial conveyancing searches reveal planned roadworks that could impact a commercial premises in Potters Bar?

Its becoming the norm that commercial conveyancing solicitors in Potters Bar will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Potters Bar. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Potters Bar.

For each commercial conveyancing transaction in Potters Bar it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Potters Bar commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Potters Bar.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Potters Bar?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Potters Bar. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I've found a house that appears to meet my requirements, at a great price which is making it more attractive. I have subsequently discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Potters Bar. Conveyancing lawyers have not yet been instructed. Will they explain the issues?

The majority of houses in Potters Bar are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Potters Bar in which case you should be looking for a Potters Bar conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should appraise you on the various issues.

I bought a 1st floor flat in Potters Bar, conveyancing having been completed 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Potters Bar with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ends on 21st October 50

With 50 years remaining on your lease the likely cost is going to be between £36,100 and £41,800 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.

I happen to be an executor of my recently deceased aunt’s Will, with a property in Potters Bar which is to be marketed. The bungalow is unregistered at the Land Registry and I'm told that some estate agents will insist that it is completed before they'll proceed. What's the procedure for this?

In the circumstances you refer to it seems sensible to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.