Can the conveyancing solicitors identified through your search tool execute auction conveyancing in Beacon Hill?
We know of a number of auction lawyers we can connect you with those who can conduct auction conveyancing. Beacon Hill is just one of our locations where our lawyers are based.
What does a local search tell me about the property we're buying in Beacon Hill?
Beacon Hill conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search is essential in every Beacon Hill conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
How does conveyancing in Beacon Hill differ for newly converted properties?
Most buyers of new build or newly converted property in Beacon Hill approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because builders in Beacon Hill typically buy the site, 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 Beacon Hill or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Beacon Hill I like with open areas and railway links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Beacon Hill suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a home loan that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
What are your top tips when it comes to appointing a Beacon Hill conveyancing practice to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Beacon Hill conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non Beacon Hill conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
Can they put you in touch with clients in Beacon Hill who can give a testimonial? How experienced is the firm with lease extension legislation?
I bought a 1 bedroom flat in Beacon Hill, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Similar flats in Beacon Hill with an extended lease are worth £202,000. The ground rent is £60 levied per year. The lease terminates on 21st October 2076
With just 57 years left to run the likely cost is going to range between £28,500 and £33,000 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.