What does my ID and proof of funds have anything to do with my conveyancing in Enfield? What am I being asked for?

Enfield conveyancing solicitors and indeed property practitioners accross the UK have a duty under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.

Conveyancing clients will need to produce two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and evidence of address (usually a Bank Statement less than 3 months old).

Evidence of the origin of funds is also necessary under the money laundering regulations as lawyers are obliged to investigate that the monies you are using to acquire a property (be it the exchange deposit or the full purchase amount where you are a cash purchaser) has originated from a reputable source (such as employment savings) rather than the product of illegitimate behaviour.

I am planning to acquire a flat and require a conveyancing solicitor in Enfield who is on the solicitor. Can you recommend a local firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for in certain locations such as Enfield. We dont recommend any particular firm.

How does conveyancing in Enfield differ for new build properties?

Most buyers of new build premises in Enfield come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Enfield tend to purchase the site, 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 conveyancers 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 Enfield or who has acted in the same development.

Are there any apps to assist me to search for a Enfield law firm on the conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the solicitor.

You can use the facility on this website. Please choose the lender and your location and you will see a number of Enfield conveyancing lawyers based on proximity. We have listed some Enfield conveyancing firms towards the end of this page and you can contact them to see if they are on the panel

I am tempted by the attractive purchase price for a couple of flats in Enfield which have about 50 years unexpired on the leases. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Enfield. The lease is a right to use the property for a period of time. As the lease gets shorter the saleability of the lease reduces and results in it becoming more costly to acquire a lease extension. For this reason it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this arena.

Enfield Leasehold Conveyancing - Examples of Questions you should consider before buying

Be sure to enquire if the the lease contains any onerous restrictions in the lease. By way of example it is very common in Enfield leases that pets are not allowed in certain buildings in Enfield. If you like the propertyin Enfield however your dog can’t make the move with you then you have a very hard compromise. In the main the outlay for major works are not included within maintenance charges, although there some managing agents in Enfield ask leaseholders to pay into a reserve fund and this is used to offset against major repairs or maintenance.