In what way does my ID and proof of funds have anything to do with my conveyancing in Upper Edmonton? Is this really warranted?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the ID of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms of Engagement that you need to sign should stipulate this. Your lender will also require certain documents to be viewed. Where you refuse to hand over ID verification documents, your lawyer will not be able to take you on as a client.
I have been recommended a conveyancing solicitor in Upper Edmonton. I I am struggling to find out whether they are on the Virgin Money conveyancing panel. Can you or the lender confirm if they are on the panel?
The first thing to do is phone the lawyer and enquire if they can act for the lender. Alternatively you can get in touch with Virgin Money who may be able to assist.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Upper Edmonton is the location of the property. Can you shed any light on this issue?
Flying freeholds in Upper Edmonton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Upper Edmonton you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Upper Edmonton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am a sole trader looking to lease a unit on the high street. Can you recommend lawyers offering no-move-no charges for non-domestic conveyancing in Upper Edmonton for less than 1500k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Upper Edmonton, including the disposal and acquisition of businesses as well as simply property. If you are hoping to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right lawyer. As for the charges these will vary based on the structure and terms of the deal. Please provide us with your details or phone so as to enable us to provide you with a fixed commercial conveyancing calculation.
We expect to complete the disposal of our £225,000 apartment in Upper Edmonton next Monday. The management company has quoted £324 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Upper Edmonton?
Upper Edmonton conveyancing on leasehold maisonettes ordinarily involves administration charges raised by management companies :
Completing pre-exchange enquiries
Where consent is required before sale in Upper Edmonton
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a leasehold flat in Upper Edmonton, conveyancing was carried out in 2001. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Upper Edmonton with an extended lease are worth £195,000. The ground rent is £45 levied per year. The lease ceases on 21st October 2082
You have 63 years unexpired the likely cost is going to be between £16,200 and £18,600 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.