I am need of leasehold conveyancing for a flat in a fairly new development (seven years old) in Hornchurch. The vast majority the appartments have already been occupied. Is it really necessary to order conveyancing searches as part of conveyancing in Hornchurch?
A big part of the Hornchurch conveyancing process is the conveyancing searches. There are hundreds search providers who offer Hornchurch conveyancing searches, as well straight from the local authority. These are usually referred to as personal search companies due to them carrying out, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must obtain their data from the local authoritative source.
What does my ID and proof of funds have anything to do with my conveyancing in Hornchurch? What am I being asked for?
Hornchurch conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under money laundering regulations to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to disclose two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (typically a Utility Bill no more than three months).
Evidence of source of monies is also necessary in accordance with the money laundering statutes as conveyancers are mandated to ensure that the monies you are utilising to purchase a property (be it the exchange deposit or the total purchase price if you are a cash purchaser) has originated from an acceptable source (such as employment savings) and is not the proceeds of criminal behaviour.
Will commercial conveyancing searches disclose planned roadworks that may affect a commercial land in Hornchurch?
Many commercial conveyancing solicitors in Hornchurch will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Hornchurch. The report provides definitive information 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 Hornchurch.
For each commercial conveyancing transaction in Hornchurch it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Hornchurch commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Hornchurch.
Due to the advice of my in-laws I had a survey completed on a property in Hornchurch before instructing conveyancers. I have been told that there is a flying freehold element to the house. My surveyor advised that some mortgage companies will not grant a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hornchurch. Conveyancing may be slightly more expensive based on your lender's requirements.
As co-executor for the will of my uncle I am disposing of a property in Newport but reside in Hornchurch. My conveyancer (approximately 235 kilometers awayrequires that I sign a stat dec ahead of completion. Can you recommend a conveyancing solicitor in Hornchurch to witness this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are located in Hornchurch
Can you provide any advice for leasehold conveyancing in Hornchurch from the point of view of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Hornchurch can be bypassed if you appoint lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold documentation which will be required by the purchasers’ representatives. Some Hornchurch leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers. The majority of freeholders or managing agents in Hornchurch levy fees for providing management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common reason for delay in leasehold conveyancing in Hornchurch. In the event that you altered the property did you need the Landlord’s consent? In particular have you laid down wooden flooring? Most leases in Hornchurch state that internal structural changes or installing wooden flooring calls for a licence from the Landlord acquiescing to such works. Where you fail to have the paperwork in place do not communicate with the landlord without contacting your lawyer first. If you are supposed to have a share in the freehold, you should make sure that you are holding the original share certificate. Obtaining a replacement share certificate is often a time consuming process and frustrates many a Hornchurch home move. If a new share is required, do contact the company officers or managing agents (where relevant) for this at the earliest opportunity.
After years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Hornchurch. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a Hornchurch conveyancing firm who can help.
An example of a Lease Extension case for a Hornchurch premises is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case was in relation to 1 flat. The unexpired term was 57.5 years.