Me and my partner are about to complete on the purchase of a property in Deptford but as a consequence of wreckage from some water damage at the property I have was able negotiate compensation from the vendor in the sum of £3k in the form of a reduction in the price. This was going to be addressed as part of amending the contract but Leeds Building Society are not allowing this. Why were they informed?

Your solicitor that is on the Leeds Building Society conveyancing panel is obliged to inform Leeds Building Society of any amendments to the purchase price. If you were to refuse your property lawyer to disclose the price change to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new solicitor for your conveyancing in Deptford.

Have completed on a a semi-detached house in Deptford , how long should it take for the Land Registry to record my proprietorship? My Deptford conveyancing solicitor works at snail pace, so I want to be sure the land registry aspects are dealt with.

There is nothing unique about conveyancing in Deptford registration formalities. As opposed to being determined by geographic area, timescales can differ subject to who lodges the application, whether there are errors and whether the Land registry communicate with any other persons or bodies. As of today approximately 80% of such applications are fully dealt with within two weeks but some can be subject to longer delays. Historically registration is effected once the buyer is living at the property thus 'speed' is not usually an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor should speak with the land registry and explain the circumstances.

How does conveyancing in Deptford differ for newly converted properties?

Most buyers of new build residence in Deptford approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is finished. This is because builders in Deptford tend to buy the land, 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 conveyancers 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 Deptford or who has acted in the same development.

I am looking for a ground for flat up to £195,000 and identified one round the corner in Deptford I like with a park and railway links in the vicinity, the downside is that it only has 61 years unexpired on the lease. There is not much else in Deptford for this price, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a mortgage the shortness of the lease may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

Can you provide any advice for leasehold conveyancing in Deptford from the point of view of expediting the sale process?

• Much of the delay in leasehold conveyancing in Deptford can be reduced where you appoint lawyers the minute your agents start advertising the property and ask them to collate the leasehold documentation which will be required by the buyers’ conveyancers.
In the event that you altered the property did you need the Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Deptford state that internal structural alterations or installing wooden flooring necessitate a licence from the Landlord consenting to such alterations. Should you dont have the approvals in place you should not contact the landlord without checking with your lawyer first. The majority of landlords or managing agents in Deptford levy fees for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management information can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Deptford. If there is a history of any disputes with your freeholder or managing agents it is very important that these are resolved before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is better to reveal the dispute as historic rather than unsettled.

My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Deptford. Can this matter be resolved via the Leasehold Valuation Tribunal?

Absolutely. We are happy to put you in touch with a Deptford conveyancing firm who can help.

An example of a Freehold Enfranchisement decision for a Deptford residence is 41 Endwell Road in March 2013. this matter relateed to the acquisition of the freehold of a mid- terraced Victorian house converted into three separate self-contained dwellings. By an order dated 28/11/2012, Deputy District Judge Cole in the Bromley County Court held that the leaseholders were entitled to acquire the freehold and directed that the premium payable be determined by this Tribunal. The Tribunal assessed the premium to be £14,753 This case was in relation to 3 flats. The number of years remaining on the existing lease(s) was 80.01 years.