Would the conveyancing solicitors listed on your site carry out conveyancing in Surbiton by way of an attended exchange?
We do have a number of conveyancing specialists carrying out personalised exchanges. Please e-mail us to get a costs illustration and details as to dates.
Why is leasehold purchase conveyancing in Surbiton costs more?
In summary, leasehold conveyancing in Surbiton and South West London usually warrants extra work compared to freehold transactions. This includes analysing the lease terms, communicating with the landlord concerning the service of required notices, procuring up-to-date service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.
I am looking for a flat up to £235,500 and identified one near me in Surbiton I like with amenity areas and station in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Surbiton for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
My father-in-law has recommend that I use his lawyers for conveyancing in Surbiton. Do I follow his advice?
No doubt the best way to choose a conveyancing practitioner is to have referrals from friends or family who have used the firm you're considering.
Do you have any top tips for leasehold conveyancing in Surbiton from the perspective of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Surbiton can be bypassed if you get in touch lawyers the minute your agents start advertising the property and ask them to collate the leasehold information which will be required by the buyers’ solicitors. You believe that you know the number of years left on your lease but it would be advisable verify this via your solicitors. A purchaser's lawyer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is less than 80 years. It is therefore essential at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. In the event that you altered the property did you need the Landlord’s consent? Have you, for example laid down wooden flooring? Surbiton leases often stipulate that internal structural alterations or installing wooden flooring calls for a licence from the Landlord consenting to such alterations. Should you dont have the paperwork to hand you should not communicate with the landlord without checking with your solicitor before hand. If you have the benefit of shareholding in the Management Company, you should ensure that you have the original share certificate. Obtaining a re-issued share certificate can be a time consuming process and slows down many a Surbiton conveyancing transaction. Where a reissued share certificate is needed, do contact the company director and secretary or managing agents (where applicable) for this at the earliest opportunity.
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Surbiton conveyancing firm to act on my behalf?
Most certainly. We can put you in touch with a Surbiton conveyancing firm who can help.
An example of a Lease Extension case for a Surbiton property is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.