Can conveyancing in Beckenham to be completed in less than a month?

In the event that you are under time constraints to exchange we would recommend that your solicitor is familiar with the location as they will make use of local connections and know-how. It is possible that they would have handled previoushomes in the same road. You would be best advised to use a Beckenham conveyancing solicitor. In addition, make sure that the lawyer is on the on the approved list for your mortgage company. It is believed that just under twenty per cent of Beckenham conveyancing transactions are delayed or derailed after finding out that a buyer’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the transaction being held up by as much as three weeks. It is understood that this issue impacts in the region of one hundred thousand home moves every year. Most Beckenham conveyancing practices can not act for certain lenders so do check at the outset.

I am buying a new build flat in Beckenham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Beckenham

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants.

I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Beckenham I like with amenity areas and transport links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Beckenham for this price, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a home loan the shortness of the lease will likely be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.

My husband and I are first time buyers - had an offer accepted, yet the agent informed us that the owners will only go ahead if we appoint their recommended solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family conveyancer who is accustomed to conveyancing in Beckenham

We suspect that the seller is not behind this ultimatum. If they want ‘a quick sale', alienating a serious buyer is likely to cause more damage than good. Bypass the agents and go straight to the owners and make sure they understand (a)you are serious buyers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you intend to appoint your preferred Beckenham conveyancing firm - as opposed tothe ones that will provide the negotiator at the agency a referral fee or meet his conveyancing thresholds demanded by senior management.

I am a negotiator for a reputable estate agency in Beckenham where we see a number of leasehold sales jeopardised due to short leases. I have received conflicting advice from local Beckenham conveyancing solicitors. Could you clarify whether the owner of a flat can start the lease extension formalities for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I own a a ground floor purpose built flat in Beckenham. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?

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

An example of a Freehold Enfranchisement decision for a Beckenham residence is 26 Manor Road in July 2010. the Tribunal decided that price to be paid for the freehold was £12,420 This case related to 2 flats. The unexpired residue of the current lease was 76.75 and 88.83.