Can your site be used to locate a Conveyancing solicitor in Waltham Abbey even if I’m not purchasing or disposing of a house, for example where I wish to buy an office in Waltham Abbey with a loan from Platform Home Loans Ltd?

Our comparison service is mainly utilised to select residential conveyancing solicitors in Waltham Abbey but we have set out at the bottom of this page some Waltham Abbey commercial conveyancing firms. You will need to enquire with the company directly to check if they can also act for Platform Home Loans Ltd

We just had an offer accepted to purchase with Darlington Building Society. I visited a few high street firms but am struggling to find a Waltham Abbey conveyancing firm on the Darlington Building Society approved list. Please you help?

You should take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the mortgage company and type Waltham Abbey or your preferred area and you will be presented with a number of lawyer based in Waltham Abbey or nearest you.

I'm purchasing my first flat in Waltham Abbey with a loan from Norwich and Peterborough Building Society. The builders refused to budge the price so I negotiated 6k of additionals instead. The property agent advised me not to tell my lawyer about this side-deal as it will jeopardize my loan with Norwich and Peterborough Building Society. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Due to the advice of my in-laws I had a survey completed on a property in Waltham Abbey before appointing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some lenders may not issue a loan on a flying freehold property.

It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Waltham Abbey. Conveyancing will be smoother if you use a solicitor in Waltham Abbey especially if they are familiar with such properties in Waltham Abbey.

I am attracted to a couple of flats in Waltham Abbey both have approximately fifty years remaining on the leases. Will this present a problem?

There are no two ways about it. A leasehold apartment in Waltham Abbey is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it adversely affects the salability of the premises. The majority of buyers and lenders, leases with under 75 years become less and less marketable. 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 premises 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 Waltham Abbey 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 attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Waltham Abbey conveyancing firm to represent me?

You certainly can. 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 premises 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 was in relation to 2 flats. The unexpired residue of the current lease was 69.26 years.