I am purchasing a property mortgage free in Epping. I have been living for the previous 15 years in Epping. Conveyancing searches are exorbitant. As I have knowledge of the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then almost all of the Epping conveyancing searches are optional. Your lawyer will 'advise', no-doubt strongly, that you should have searches done, but he has a professional duty to take that path of advice. Do bear in mind; if you are likely to dispose of the house one day, it will likely be be of relevance to your future purchaser what the searches determine. There are plenty of instances where premises with day to day issues can still throw up unexpected search results. A good conveyancing solicitor in Epping should be able to give you some helpful advice here.
What does my ID and proof of funds have anything to do with my conveyancing in Epping? Is this really warranted?
Epping conveyancing solicitors and indeed property practitioners accross the UK have an obligation under money laundering regulations to verify the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).
Evidence of the origin of funds is also required in accordance with the money laundering laws as conveyancers are duty bound to check that the monies you are utilising to acquire a property (whether it be the deposit for exchange or the total purchase amount if you are buying mortgage free) has originated from an acceptable source (such as employment savings) as opposed to the proceeds of criminal behaviour.
I am about to put a bid on a leasehold apartment in Epping. The estate agents tell me that it is the norm for flats in Epping to have less than 75 years left on the lease. I am expecting a mortgage with Chelsea Building Society. Will the property be mortgageable given that the lease has 69 years unexpired.
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 28/11/2024 the requirements read as follows :
I am assisting my mother sell her flat in Epping. Will the conveyancer order the energy performance certificate or should I organise this?
Following the demise of HIPs, EPC’s was maintained a compulsory element of moving house. An EPC needs to be to hand prior to the property being placed on the market. This is not a task that conveyancers normally arrange. Where you are instructing a Epping conveyancing solicitor they may be willing to arrange energy performance certificates due to their contacts with long established local accredited person
My bid for a property was accepted at auction in Epping. Conveyancing is needed. What is next?
Given that you are now exchanged you will need to retain a conveyancing solicitor quickly as you are faced with a tight a drop dead date to complete the conveyancing. All auction property will ordinarily have an associated auction pack. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You need to hand this to the solicitor working for you ASAP. Do make sure that that you have the requisite funding in place to complete on the date specified in the contract.
I am planning to move property in January. Should my conveyancing solicitor call the removal company on the day of completion. As an aside, can you put forward a removal company in Epping. Conveyancing lawyer was organised prior to coming across this page.
On the afternoon of completion you can pick up the house keys from your estate agent however this should only be done once the vendors conveyancers advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. You can inform the removal company that you are ready to move in. We do not recommend a particular removal organisation but can help you choose a residential property solicitor in Epping or a lawyer that specialises in conveyancing in Epping.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a property in Epping? or Apparently there is historic law that means some homeowners residing in a parish church boundary may be liable to pay for repairs towards the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Epping?
Unless a previous acquisition of the premises took place after 12 October 2013 you may take it that lawyers carrying out conveyancing in Epping to remain encouraging a chancel search and or insurance against a claim.
My business partner and I are intending to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Epping for under 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Epping, including the disposal and acquisition of businesses as well as simply property. If you are intending to acquire or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right lawyer. Regarding the fees these will vary based on the structure and terms of the proposed transaction. Please provide us with your details or call so as to enable us to furnish you with a fixed commercial conveyancing quote.