Please could you recommend a Accord Mortgages Ltd allowed Abbey Wood conveyancing lawyer who can have us moved in within 10 days? Would it be better to use a local Abbey Wood practice or a national comparison site?

We can recommend some very good Abbey Wood conveyancing firms. Another option is to visit the main road in Abbey Wood. Approach some well established law practices and request to see a conveyancing solicitor for a costs illustration. Explain your deadline together with your reasons and get an assurance on speed. Choose the lawyer that appears most efficient.

Just had an offer accepted on a new build flat in Abbey Wood. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Abbey Wood

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

I am using a search engine for the term on line conveyancing in Abbey Wood it brings up many property lawyersin the vicinity. How do I determine which is the suitable property lawyer for me?

The preferential way of seeking the right conveyancer is through a trusted referral, so enquire of colleagues and family who have purchased a property in Abbey Wood or a local estate agent or financial adviser. Charges for conveyancing in Abbey Wood vary, so it's advisable to obtain a minimum of three fee calculations from different conveyancers. Be sure to secure confirmation what costs in the quote includes.

I am looking at a two flats in Abbey Wood both have about 50 years remaining on the leases. Will this present a problem?

There is no doubt about it. A leasehold apartment in Abbey Wood is a deteriorating asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the salability of the premises. The majority of buyers and mortgage companies, leases with under eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Abbey Wood conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Abbey Wood conveyancing firm to act on my behalf?

Most certainly. We are happy to put you in touch with a Abbey Wood conveyancing firm who can help.

An example of a Lease Extension case for a Abbey Wood premises is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case was in relation to 13 flats. The remaining number of years on the lease was 76 years.

My wife and I are purchasing a garden flat in Abbey Wood. At the time of instructing our conveyancer, they told us that they were on all mainstream mortgage company panels. The financial adviser contacted us today to say that they don't seem to be on the Co-operative approved list. If it turns out to be true, what should we do? Do we just choose a different solicitor that is on their approved list or do we cover the costs for dual representation, with Co-operative selecting their own approved property lawyer.

When buying a property with mortgage finance it is normal for the buyer’s lawyers to also represent the purchaser's lender. In order to act for a bank or building society a lawyer has to be on that lender's conveyancing panel. An application has to be made by the solicitor to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancer has to meet. Some banks now require their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact Co-operative and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Co-operative's conveyancing panel and you may continue to use your own Abbey Wood solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.