What does my ID and proof of funds have anything to do with my conveyancing in Ongar? Is this really necessary?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the person or body they are dealing with before they can accept their conveyancing business. The Terms of Engagement that you are required to sign will no doubt confirm this. Your lender will also require certain documents to be checked. Where you are unwilling to hand over identification documents, your conveyancer can not take you on as a client.
I have been on the look out for a leasehold apartment up to £195,000 and identified one near me in Ongar I like with open areas and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Ongar for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
In what way does the Landlord & Tenant Act 1954 impact my business property in Ongar and how can you help?
The particular law that you refer to gives protection to business tenants, giving them the a statutory right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Ongar
As co-executor for the will of my father I am selling a residence in Monmouth but live in Ongar. My solicitor (who is 300 kilometers awayhas requested that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Ongar to witness this legal document for me?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are based in Ongar
Looking forward to complete next month on a ground floor flat in Ongar. Conveyancing lawyers assured me that they report fully next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Ongar should include some of the following:
How long the lease is. You should receive guidance as what happens when the lease ends, and informed of the importance of not letting the lease term falling below eighty years You should have a good understanding of the building insurance obligations The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. You should be sent a copy of the lease Whether your lease caters for for a sinking fund?
I am the registered owner of a ground floor flat in Ongar, conveyancing having been completed 5 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Ongar with a long lease are worth £201,000. The ground rent is £45 yearly. The lease comes to an end on 21st October 2088
With only 64 years unexpired the likely cost is going to range between £15,200 and £17,600 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
Do online conveyancing organisations do everything a high street Ongar solicitor does or must I retain a solicitor for the final stages for my conveyancing in Ongar?
Where you instruct an online conveyancer they will undertake all the work your Ongar conveyancer will cover.