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

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Recently asked questions about conveyancing in Waltham Abbey

I can see plenty of information on this site about conveyancing in Waltham Abbey but can you isolate your top tip for choosing the right conveyancer in Waltham Abbey

Do not opt for the cheapest Waltham Abbey conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.

I am due to move home in September. Should my conveyancing solicitor communicate with the removal company on the day of completion. As an aside, can you suggest a removal company in Waltham Abbey. Conveyancing firm was organised prior to coming across your website.

On the afternoon of completion you will need to collect the keys from the property agent however this should only occur when the sellers conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be passed over. After that you will need to inform the removal men that they can start moving you in. We are not in a position to suggest a specific removal organisation but can assist you in choosing a residential property solicitor in Waltham Abbey or a solicitor with expertise in conveyancing in Waltham Abbey.

I currently have a mortgage with Principality for my property in Waltham Abbey. Conveyancing was finalised 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Principality?

You must advise Principality in advance of renting your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. You need not do this via a Principality conveyancing panel lawyer.

How does conveyancing in Waltham Abbey differ for new build properties?

Most buyers of new build or newly converted property in Waltham Abbey contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Waltham Abbey usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Waltham Abbey or who has acted in the same development.

I am looking for a ground for flat up to £235,500 and identified one close by in Waltham Abbey I like with a park and transport links nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Waltham Abbey in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you need a mortgage that many years will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.

Estate agents have just been given the go-ahead to market my garden flat in Waltham Abbey. Conveyancing is yet to be initiated, but I have just had a half-yearly maintenance charge invoice – Do I pay up?

The sensible thing to do is discharge the maintenance contribution as usual given that all ground rent and maintenance charges will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I am the registered owner of a a ground floor purpose built flat in Waltham Abbey. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the premium payable for a lease extension?

Absolutely. We are happy to put you in touch with a Waltham Abbey conveyancing firm who can help.

An example of a Freehold Enfranchisement matter before the tribunal for a Waltham Abbey residence is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case related to 2 flats. The unexpired residue of the current lease was 69.26 years.

My intention is to purchase a garden flat in Waltham Abbey. Conveyancing solicitor is awaiting, from the owner, building insurance schedule. This morning I was advised that the vendor needs to send the insurance documents for the flat above in addition. Why does my conveyancer want to review the insurance for the flat above? Is it really necessary? We have been in hold for the last fortnight…

It is not unheard of in leasehold conveyancing in Waltham Abbey to find Conveyancing in Waltham Abbey in a minority of cases reveals that the lease obliges the tenant's to insure their individual flats rather than the landlord insuring the complete premises - which is clearly preferable. Do double check with your conveyancing practitioner but it would seem that your conveyancer is looking to verify that the complete building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated for lack of insurance.

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Neighbouring Locations

Waltham Abbey
Brimsdown
Enfield Lock

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