In what way does my ID and proof of funds have anything to do with my conveyancing in Maze Hill? Is this really necessary?

It is indeed that case that the requirement set out by your lawyer has nothing to do with conveyancing in Maze Hill. Nowadays you will not be able to proceed with any conveyancing process in the absence supplying evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are supplying your driving licence as evidence of ID it must be both the paper element and photo card part, one is not acceptable without the other.

Evidence of the origin of monies is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer must retain this information on record. Your Maze Hill conveyancing solicitor will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask further questions concerning the source of monies.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Maze Hill?

There are many recorded licenced Conveyancers in Maze Hill and Solicitor firms in Maze Hill who can help with your conveyancing It is important to make clear that both are regulated professionals specialising in the legal work in transferring property. The two can conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

My wife and I buying a end of terrace house in Maze Hill. Our aim is to an extension at the rear at the property.Will legal conveyancing on the property include investigations to ascertain if these alterations were previously refused?

Your property lawyer will check the registered title as conveyancing in Maze Hill can on occasion identify restrictions in the title deeds which prohibit certain alterations or need the permission of another owner. Certain additions call for local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.

Are all Maze Hill Conveyancing Quality Solicitors on the Nationwide conveyancing list of approved practices?

Some major lenders now utilise CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.

A relative suggested that where I am purchasing in Maze Hill I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is sometimes included in the estimate for your Maze Hill conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Maze Hill around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Maze Hill Education with plans and statistics, Local Amenities and other useful data regarding Maze Hill.

Am I best advised to instruct a Maze Hill conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can perform the legal work but they are based 200kilometers drive away.

The primary upside of using a local Maze Hill conveyancing practice is that you can visit the firm to sign paperwork, deliver your ID and apply pressure on them if necessary. Having local Maze Hill know how is a plus. 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 in the main were content that must trump using an unknown Maze Hill conveyancing lawyer solely due to them being Maze Hill based.

I am looking at a couple of maisonettes in Maze Hill which have approximately fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold flat in Maze Hill is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the value of the property. For most buyers and banks, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Maze Hill conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Maze Hill conveyancing firm to assist?

Where there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to make a decision on the price payable.

An example of a Lease Extension matter before the tribunal for a Maze Hill flat is 73 Walerand Road in August 2012. the result of the findings of the Tribunal led to a premium to be paid for the extended lease in respect of Flat 73 in the sum of £10,040. The premium applicable in respect of Flat 85 was £5,710. This case affected 2 flats. The unexpired term as at the valuation date was 72 years.