I am about to put a bid on a leasehold apartment in Coombe Warren. The property agents tell me that it is standard for flats in Coombe Warren to have less than 75 years remaining. I am obtaining a loan with Chelsea Building Society. Is this going to be acceptable if the lease has 70 years remaining.
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 14/12/2018 the requirements read as follows :
My colleague suggested that where I am buying in Coombe Warren I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Coombe Warren conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about Coombe Warren around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Coombe Warren Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Coombe Warren Education with maps and statistics, Local Amenities and other useful data regarding Coombe Warren.
Is it possible to transfer to a new conveyancer as I have to retain one who is on the Platform Home Loans Ltd conveyancing list. I instructed a local conveyancing solicitor in Coombe Warren five minutes from me but he is not approved by Platform Home Loans Ltd
We will our best to assist in finding you a conveyancing solicitor in Coombe Warren on the Platform Home Loans Ltd panel. Please note that the law firms that we work with do not pay us a referral fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Coombe Warren. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Coombe Warren.
Am I better off to instruct a Coombe Warren conveyancing lawyer based in the area that I am purchasing? I have an old university friend who can carry out the legal formalities however his firm is located over three hundred miles away.
The benefit of a local Coombe Warren conveyancing firm is that you can drop in to sign paperwork, hand in your identification documents and apply pressure on them if necessary. Having local Coombe Warren know how is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were impressed that must outweigh using an unfamiliar Coombe Warren conveyancing solicitor just because they are local.
Our property lawyer in Coombe Warren has requested from me personal identification documents asserting that this is part of his requirements as a conveyancer on the mortgage company Solicitor panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require Coombe Warren conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the lender also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the lender's UK Finance Lenders’ Handbook requirements