In what way does my ID and proof of funds have anything to do with my conveyancing in Epping? Is this really warranted?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing business. The Terms and Conditions that you need to sign should confirm this. Your lender will also require certain documents to be checked. Should you refuse to supply identification documents, your lawyer will not be able to take you on as a client.
I have Fifty Six years unexpired on my lease and require a lease extension for my flat in Epping. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/12/2024 the requirements read as follows :
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Epping I like with a park and railway links in the vicinity, however it's only got 52 remaining years left on the lease. I can't really find anything else in Epping for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
My business partner and I are intending to take an assignment of a lease of an office on a shopping parade. Can you recommend solicitors offering no-move-no charges for non-domestic conveyancing in Epping for less than £1,200?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Epping, including the sale and purchase of businesses as well as simply property. Whether you are intending to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. As for the costs these will vary based on the structure and nuances of the proposed transaction. Please provide us with your contact information or email so as to enable us to furnish you with a fixed commercial conveyancing calculation.
My father-in-law has suggested that I instruct his conveyancers in Epping. Do I take his recommendation?
No doubt the ideal way to select a conveyancing practitioner is to seek referrals from friends or relatives who have actually previously instructed the solicitor you're contemplating using.
Can you offer any advice when it comes to choosing a Epping conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Epping conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Epping conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
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Can they put you in touch with clients in Epping who can give a testimonial? If the firm is not ALEP accredited then why not?
Epping Conveyancing for Leasehold Flats - A selection of Queries before buying
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What is the service charge and ground rent on the apartment? How many of the leaseholders are in arrears for their service charge payments? Please note if it is fewer than eighty years it will impact the salability of the property. Check with your bank that they are content with remaining years on the lease. A short lease means that you will probably have to extend the lease at some point and it is worth discovering how much this will be. Remember, in most cases you would be be obliged to have owned the property for two years in order to be eligible to carry out a lease extension.