We just had an offer accepted to purchase with Earl Shilton BS. I called into a couple of high street solicitors but am unable to find a Battersea conveyancing firm on the Earl Shilton BS approved list. Can you assist?
Please do take advantage of the find a lender approved solicitor tool on this web page. Please choose the building society and type Battersea or your preferred area and you will see a number of lawyer based in Battersea or near you.
I acquired my apartment on 3 July and the transaction details are still not registered. Should I be concerned? My conveyancing solicitor in Battersea expressed confidence that it should be concluded in a couple of weeks. Are titles in Battersea uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Battersea registration formalities. Rather than based on location, timeframes can differ according to the party submitting the application, whether it is in order and whether the Land registry must send notices to any other parties. As of today roughly 80% of submission are fully dealt with within two weeks but occasionally there can be protracted delays. Registration occurs once the buyer is living at the property thus 'speed' is not usually primary concern but where it is urgent that the the registration takes place urgently then you or your conveyancer must speak with the land registry and explain the circumstances.
I am a sole trader planning to lease a unit on the high street. Can you recommend lawyers offering no-move-no charges for non-domestic conveyancing in Battersea for less than £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Battersea, including the disposal and acquisition of businesses as well as simply premises. If you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we will find you the right firm. As for the costs this will depend on the structure and heads of terms of the proposed transaction. Please provide us with your details or telephone so as to enable us to furnish you with comprehensive commercial conveyancing calculation.
Having checked my lease I have discovered that there are only 68 years unexpired on my lease in Battersea. I now wish to extend my lease but my freeholder is can not be found. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to track down the freeholder. In some cases a specialist may be helpful to conduct investigations and to produce an expert document which can be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on proving the landlord’s disappearance and the vesting order request to the County Court covering Battersea.
I am the leaseholder of a first floor flat in Battersea. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
in cases where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the amount due.
An example of a Lease Extension matter before the tribunal for a Battersea residence is 150A Albert Palace Mansions Lurline Gardens in July 2013. The Tribunal determined that the premium payable for the new lease of the subject property was £42,069 This case was in relation to 1 flat. The unexpired lease term was 57.06 years.
I own a leasehold flat in Battersea. Conveyancing was finalised in 2010. I have been told that I should not allow the lease length get too short. Why is that a problem?
Battersea residential long term leases are for a prescribed term - normally just under one hundred years when they are first granted. However many appartments in Battersea were constructed or converted 20 or more years ago and so such leases now have under 80 years left to run. This may sound like a long time but Banks, Building Societies and other mortgage lenders tend to require leases to have at least 75 years remaining to adequate security. This means that when you come to sell the property you will need a lease extension if you are nearing 75 years. To optimize your property value you should be thinking about whether or not to extend your lease well in advance of selling the property. Furthermore significant benefits to taking action before the lease hits 80 years as when the lease falls below 80 years the premium to be paid to extend starts to increase.