Willappointing a Bromley Common conveyancing practitioner make my purchase more efficient?
Established third party connections is an important consideration when choosing conveyancing lawyers. Bromley Common conveyancers benefit from connections with lenders and selling, local authorities, valuers and other law firms meaning the whole process is going to be much smoother for you. Hosting a wealth of knowledge of the local area is also a plus .
I am looking to buy a property and require a conveyancing solicitor in Bromley Common who is on the Nottingham Building Society conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nottingham Building Society in certain locations such as Bromley Common. We dont recommend any particular firm.
A relative advised me that if I am purchasing in Bromley Common I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Bromley Common conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Bromley Common around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Bromley Common.
I am looking for a ground for flat up to £305k and found one near me in Bromley Common I like with amenity areas and railway links in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Bromley Common in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage that many years may be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
What does commercial conveyancing in Bromley Common cover?
Bromley Common conveyancing for business premises covers a broad array of guidance, given by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I work for a long established estate agent office in Bromley Common where we see a few flat sales put at risk as a result of short leases. I have received inconsistent advice from local Bromley Common conveyancing firms. Can you shed some light as to whether the owner of a flat can instigate the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is 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 purchaser.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Bromley Common conveyancing firm to assist?
Most definitely. We can put you in touch with a Bromley Common conveyancing firm who can help.
An example of a Lease Extension case for a Bromley Common property is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The unexpired term was 50.57 years.