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Recently asked questions about conveyancing in Eaton Bray

I am in need of a property lawyer. Do I opt for a national conveyancer or a family Eaton Bray conveyancing solicitor?

Eaton Bray is a special area, where neighbourhood experience counts for a lot. The laid-back lifestyle has an upside – just not when it comes to your home move. The property lawyers that we recommend possess a wealth of Eaton Bray know how with a proactive, can doattitude that ensures the conveyancing to progress hassle free. It is a distinct advantage if they can make use of well established relationships with mortgage brokers, local authorities, valuers and other Eaton Bray conveyancing firms

AssumingI was to buy a freehold housein Eaton Bray mortgage fee and dispense with a survey and no local authority searches how much should I expect to to save on my conveyancing in Eaton Bray?

Any savings you would achieve would be limited to the Eaton Bray conveyancing searches. A conveyancing practitioner still got to do everything else - money laundering, correspond with your vendors conveyancing practitioner, stamp duty return, register the title etc. You might save a bit for them not needing to register a charge but it won't be a lot.

What does my ID and proof of funds have anything to do with my conveyancing in Eaton Bray? What am I being asked for?

Eaton Bray conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under money laundering regulations to check the ID of any client with a view to satisfy themselves that clients are who they say they are.

Conveyancing clients are required to provide two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Bank Statement no older than three months).

Proof of source of funds is also necessary under the money laundering regulations as lawyers are required to ensure that the money you are using to buy a property (be it the exchange deposit or the total purchase price if you are a cash purchaser) has originated from a reputable source (such as an inheritance) as opposed to the product of illegitimate activity.

I work for a reputable estate agent office in Eaton Bray where we have experienced a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have received conflicting advice from local Eaton Bray conveyancing solicitors. Can you confirm whether the vendor of a flat can initiate the lease extension process for the purchaser on completion of the sale?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Eaton Bray Leasehold Conveyancing - Examples of Questions you should ask before buying

    Does the lease contain onerous restrictions? Is the freehold reversion owned collectively by the leaseholders? The majority of Eaton Bray leasehold properties will be liable to pay a service charge for maintenance of the block levied by the landlord. Should you purchase the property you will have to meet this liability, normally quarterly throughout the year. This could differ from a few hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all likelihood there will be a rentcharge for you to pay yearly, this is usually not a large figure, say approximately £25-£75 but you need to enquire it because sometimes it could be many hundreds of pounds.

Do online conveyancing companies do everything a local Eaton Bray solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Eaton Bray?

If you use an online conveyancer they will undertake all the things your Eaton Bray solicitor would cover.

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