At what point does exchange of contracts occur in purchase conveyancing in Mortlake and am I required to be at the lawyers branch?
If you are local to our conveyancing solicitors in Mortlake you are welcome to come in to sign the paperwork. That being said, the firms we work with supply countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when dealing with you electronically. The signing of the sale agreement is not the critical part. Signing on the dotted line is just a prerequisite for the solicitor to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Mortlake)to be in the office available at the end of the phone to exchange contracts.
I have todaydiscovered that Wolstenholmes have closed. They carried out my conveyancing in Mortlake for a purchase of a leasehold flat 9 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Mortlake conveyancing specialists.
I am looking for a ground for flat up to £235,500 and identified one close by in Mortlake I like with amenity areas and transport links nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Mortlake in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
What does commercial conveyancing in Mortlake cover?
Mortlake conveyancing for business premises incorporates a wide range of advice, offered by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Having had my offer accepted I require leasehold conveyancing in Mortlake. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Mortlake - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Having spent years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Mortlake. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a Mortlake conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Mortlake flat is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case was in relation to 3 flats. The unexpired term was 66.25 years.