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Recently asked questions about conveyancing in Waltham Abbey

What does my ID and proof of funds have anything to do with my conveyancing in Waltham Abbey? Why is this being asked of me?

Waltham Abbey conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to verify the identity of any client in order to satisfy themselves that clients are who they say they are.

Conveyancing clients will need to supply two forms of certified identification; proof of ID (typically a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).

Evidence of source of monies is also necessary in accordance with the money laundering regulations as solicitors have a duty to check that the monies you are utilising to buy a property (whether it be the deposit for exchange or the total purchase price if you are a cash purchaser) has originated from a reputable source (such as an inheritance) and is not the proceeds of illegitimate behaviour.

I am buying a house and the conveyancer has raised the issue of Chancel Repair for which the property could be liable because it falls into the area of such a church. She has recommended insurance. Is this really necessary for conveyancing in Waltham Abbey

Unless a previous purchase of the property took place post 12 October 2013 you could assume that conveyancing practitioners handling conveyancing in Waltham Abbey to continue to suggest a chancel search and or insurance against a claim.

Just had an offer accepted on a new build apartment in Waltham Abbey. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Waltham Abbey

    The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply evidence that the form of Lease proposed has been approved by the Land Registry.

My company is intending to take over a lease of a shop on the high street. Can you recommend conveyancers offering no-move-no charges for non-domestic conveyancing in Waltham Abbey for below £2000?

We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Waltham Abbey, including the sale and acquisition of businesses as well as simply property. If you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right solicitor. Regarding the costs this will depend on the structure and complexity of the deal. Let us have your contact information or email us so that we can furnish you with comprehensive commercial conveyancing quote.

I am buying a ground floor flat in Waltham Abbey. Conveyancing lawyer has been waiting for, from the vendor, building insurance documents. This morning I was informed that the vendor needs to send the insurance documents for the flat above as well. Why does my conveyancer need to see the insurance for the other flat? Is it strictly required? We have been waiting for the last 4 weeks…

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 provides for the tenant's to insure their individual flats as opposed to the landlord insuring the entire building - which is definitely better. You should check with your conveyancing practitioner but it would appear that your solicitor is attempting to establish that the entire building is insured. Insuring your flat is no help when it comes to rebuilding after a fire if the other flat cannot be reconstructed as a result of lack of insurance.

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