I am in need of a property lawyer. Should I go for for a national conveyancer as opposed to a family Higham Wood conveyancing lawyer?

Established third party relationships are another important factor to consider when choosing conveyancing solicitors. Higham Wood law firms benefit from connections with mortgage brokers and agents, local authorities, valuers and other conveyancing firms meaning the whole process is going to be much more straightforward for you. Hosting specialist insight into the local area is also a plus .

What does my ID and proof of funds have anything to do with my conveyancing in Higham Wood? Is this really necessary?

You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Higham Wood. Nowadays you will not be able to complete any conveyancing transaction in the absence providing proof of your identity. This usually takes the form of a either your passport or driving licence as well as a council tax bill. Remember if you are providing your driving licence as evidence of identification it needs to be both the paper section as well as the photo card part, one is not sufficient in the absence of the other.

Proof of your source of money is necessary under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer must have this information on file. Your Higham Wood conveyancing practitioner will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask further questions concerning the origin of monies.

Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Higham Wood I like with a park and railway links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Higham Wood for this price, so just wondered if I would be making a grave error acquiring a short lease?

If you need a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.

My brother has suggested that I instruct his conveyancers in Higham Wood. Should I use them?

Much as we are happy to recommend a Higham Wood conveyancing lawyer the best way to choose a conveyancing solicitor is to have referrals from friends or relatives who have actually previously instructed the firm you're contemplating using.

I am attracted to a couple of maisonettes in Higham Wood which have in the region of 50 years unexpired on the lease term. Will this present a problem?

A lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease gets shorter the value of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We recommend you seek professional help from a conveyancer and surveyor with experience in this arena.

Higham Wood Leasehold Conveyancing - A selection of Queries before buying

Be sure to discover if the the lease includes any adverse restrictions in the lease. For example plenty of leases prohibit pets being allowed in in a block in Higham Wood. If you like the flatin Higham Wood yet your cat is not allowed to live with you then you will be presented with a hard decision. The answer will be helpful as a) areas can cause problems for the block as the common areas may begin to deteriorate if services are not paid for b) if the tenants have an issue with the managing agents you will wish to have all the details You will want to find out as much as possible concerning the company managing the block as they will either make living at the property much simpler or problematic. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to daily issues like the cleanliness of the common parts. You should not be shy to ask other tenants if they are happy with their service. Finally, find out the dates that you are obliged pay the service charge to the relevant party and specifically how they are spending the funds.