Can you explain why leasehold purchase conveyancing in Selhurst costs more?
The conveyancing costs on a leasehold premises in Selhurst is inevitably more expensive when contrasted to a freehold residence. This is due to the additional investigations required in communicating with the landlord and management company to collate the information concerning whether the rent and service charges have been cleared and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the building.
We're in Selhurst, First time buyers purchasing with a mortgage (lender is TSB , and our solicitor is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The conveyancers who handled the conveyancing in Selhurst 5 years ago are no longer around. What are my next steps?
You no longer need to hold title original deeds to prove you are the registered proprietor of land or property, as the Land Registry hold details of all registered land or property electronically.
I am looking for a flat up to £195,000 and found one close by in Selhurst I like with amenity areas and transport links nearby, however it only has 49 years on the lease. There is not much else in Selhurst for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the shortness of the lease will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
My business partner and I are planning to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no costs for non-domestic conveyancing in Selhurst for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Selhurst, including the sale and acquisition of businesses as well as simply property. Whether you are intending to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right lawyer. As for the charges this will depend on the structure and heads of terms of the proposed transaction. Please provide us with your details or email so as to enable us to furnish you with a fixed commercial conveyancing calculation.
My wife and I purchased a leasehold flat in Selhurst. Conveyancing and Bank of Scotland mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Selhurst who acted for me is not around. What should I do?
First contact the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. There is no need to instruct a Selhurst conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Following years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Selhurst. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Selhurst flat is Flats 55, 67 & 70 Melbourne Court Anerley Road in July 2013. The tribunal calculated that the premium for the extended lease at £48,366.00 for at 55, and £88,329.00 for ats 67 and 70 combined. This case related to 1 flat. The unexpired lease term was 26.38 years.