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Ready to buy a new home in Hornchurch? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Hornchurch transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Hornchurch

My partner and I are purchasing our first home. The solicitor has texted usto enquire if we want to order supplemental conveyancing searches. We are really unsure what's appropriate for conveyancing in Hornchurch

The extent of Hornchurch conveyancing searches depends entirely on the premises, the location, the probability of any of these risks, your knowledge of the locality and risks, your general approach to risk. What matters is that you adequately understand what information the searches could supply. You may then decide if you consider that you need that search. Where you are uncertain, ask the conveyancer to guide you.

Why do I have to pay up front for my conveyancing in Hornchurch?

If you are buying a property in Hornchurch your lawyer will ask you place them with funds to cover the the cost of the conveyancing searches. Generally this is needed to cover the fees of the conveyancing searches. When the deposit is payable against the total price then this should be needed immediately before contracts are exchanged. The final balance that is needed will be payable a few days prior to the completion date.

I am about to put an offer on a leasehold apartment in Hornchurch. The estate agents tell me that it is usual for flats in Hornchurch to have less than 75 years left on the lease. I am taking out a mortgage with Bank of Ireland. Will the property be mortgageable given that the lease has 69 years left.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 6/12/2018 the requirements read as follows :

Yes, subject to a minimum lease term of 85 years. The unexpired lease term must be at least the mortgage term plus 45 years. See also 5.14.9

Should commercial conveyancing searches reveal planned roadworks that could impact a commercial land in Hornchurch?

Many commercial conveyancing solicitors in Hornchurch will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Hornchurch. The search result sets out 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 critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Hornchurch commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Hornchurch.

In my capacity as executor for the will of my grandmother I am selling a house in Cardiff but I am based in Hornchurch. My conveyancer (based 235 kilometers awayrequires that I execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Hornchurch who can witness and place their company stamp on the document?

Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are based in Hornchurch

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