I need some quick conveyancing in Abridge as I am faced with pressure to exchange contracts in less than 2 weeks. Thankfully I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?

As you are not obtaining a home loan you have the choice not to do searches although no law firm would advise that you don't. Drawing on years of experience of conveyancing in Abridge the following are examples of what can be revealed and adversely impact future saleability: Enforcement Notices, Overdue Fees, Outstanding Grants, Railway Schemes,...

It has been three months following my purchase conveyancing in Abridge completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Abridge differ for new build properties?

Most buyers of new build property in Abridge contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because builders in Abridge typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Abridge or who has acted in the same development.

I'm converting the mortgage on my current property to a BTL loan with Chelsea Building Society and intend to use the remaining equity towards a second property. The neighborhood we are interested in is Abridge. Will your solicitors be able to act for both sets of lenders and tie in the two deals?

Make use of our comparison tool on this page to be sure that the solicitors are approved by both mortgage companies. Assuming that they are your lawyer should be able to simultaneously deal with the two transactions but you should talk with you lawyer and communicate your expectations and requirements.

I am a negotiator for a long established estate agency in Abridge where we have experienced a few leasehold sales jeopardised as a result of short leases. I have received contradictory information from local Abridge conveyancing firms. Please can you shed some light as to whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 inherited a two-bedroom flat in Abridge. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?

if there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to make a decision on the price payable.

An example of a Freehold Enfranchisement case for a Abridge residence is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case was in relation to 2 flats. The unexpired residue of the current lease was 69.26 years.