Can you explain why leasehold purchase conveyancing in Battersea costs more?
The conveyancing costs for a leasehold premises in Battersea is often higher when contrasted to a freehold residence. This is because there is an amount of additional work necessary in dealing with the landlord and management company to collate the evidence about whether the rent and maintenance fee have been discharged and whether there are any major works due in the near future on repairs or maintenance of the building.
Various internet forums that I have visited warn that are the main cause of stalling in Battersea conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Battersea.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Battersea is the location of the property. What do you suggest?
Flying freeholds in Battersea are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Battersea you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Battersea may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Given that I am about to part with £400,000 on a garden flat in Battersea I would like to have a conversation with the conveyancer concerning theconveyancing prior to appointing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you first talking to the solicitor who will be conducting your conveyancing in Battersea.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter reference. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Battersea should be the figure that you end up paying.
Am I best advised to instruct a Battersea conveyancing solicitor based in the area that I am hoping to buy? An old friend can perform the legal formalities however her office is 200kilometers drive away.
The primary upside of using a high street Battersea conveyancing firm is that you can attend the office to execute documents, deliver your ID and pester them if necessary. They will also have local intelligence which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and on the whole were content that must surpass using an unfamiliar Battersea conveyancing lawyer solely due to them being round the corner.
I work for a long established estate agent office in Battersea where we have experienced a number of flat sales derailed as a result of short leases. I have been given inconsistent advice from local Battersea conveyancing firms. Can you shed some light as to whether the owner of a flat can instigate the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I inherited a ground floor flat in Battersea. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Battersea conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Battersea flat is 150A Albert Palace Mansions Lurline Gardens in July 2013. The Tribunal determined that the premium payable for the new lease of the subject property was £42,069 This case was in relation to 1 flat. The remaining number of years on the lease was 57.06 years.