We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would much rather use a high street conveyancing solicitor in Blackheath?
You should check but the chances are that appoint one of their panel conveyancers if you want the "fee-free" deal. Call the lender to determine if they allow a cash alternative. Some lenders have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Blackheath.
In what way does the Landlord & Tenant Act 1954 impact my business property in Blackheath and how can your lawyers assist?
The particular law that you refer to affords a safeguard to business leaseholders, giving them the legal entitlement to apply to court for a new lease and remain in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Blackheath is one of the many locations in which our lawyers are located
Should I appoint a Blackheath conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can execute the conveyancing however they are based a couple of hundredmiles away.
The benefit of a high street Blackheath conveyancing practice is that you can drop in to execute documents, hand in your ID and pester them where appropriate. Having local Blackheath know how is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and they were content that must trump using an unfamiliar Blackheath conveyancing lawyer just because they are round the corner.
I am attracted to a two apartments in Blackheath which have approximately forty five years remaining on the lease term. Will this present a problem?
There are plenty of short leases in Blackheath. The lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the value of the lease reduces and results in it becoming more expensive to extend the lease. This is why it is generally wise to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this area.
I have given up trying to purchase the freehold in Blackheath. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We can put you in touch with a Blackheath conveyancing firm who can help.
An example of a Lease Extension decision for a Blackheath flat is 73 Walerand Road in August 2012. the result of the findings of the Tribunal led to a premium to be paid for the extended lease in respect of Flat 73 in the sum of £10,040. The premium applicable in respect of Flat 85 was £5,710. This case affected 2 flats. The number of years remaining on the existing lease(s) was 72 years.
At what stage do I pay the Stamp Duty Land Tax due for my Blackheath house purchase?
Your solicitor should complete a Land Transaction Return Form for you during your Blackheath purchase transaction for you to sign. After completion your lawyer will submit the STL application to the Tax Authorities and - as long as they have the money - settle any tax bill due on your behalf.