Is it possible for conveyancing in Bickley to be completed inside 10 days?

Where you are under pressure for your conveyancing it is advisable to make sure that your conveyancer is familiar with the area as they will have local contacts and insight. It is possible that they would have conducted previoushouses in the same neighbourhood. You would be best advised to use a Bickley conveyancing solicitor. In addition, check that the lawyer is on the lender panel. It is claimed that 18% of Bickley conveyancing deals are frustrated or derailed after discovering a buyer’s lawyer was not on their banks panel. This can often result in the legal transfer of property being held up by as much as three weeks. It is estimated that this issue impacts approximately one hundred thousand home moves every year. Most Bickley conveyancing practices can not represent certain mortgage companies so do check at the outset.

How does conveyancing in Bickley differ for new build properties?

Most buyers of new build property in Bickley contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Bickley usually purchase the real estate, 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 property lawyers 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 Bickley or who has acted in the same development.

Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one round the corner in Bickley I like with amenity areas and transport links nearby, however it only has 51 remaining years left on the lease. There is not much else in Bickley for this price, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.

I am selling my property. My past lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Bickley if that affects matters.

You should use our search tool to help you find a solicitor for your conveyancing in Bickley. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.

I’m about to sell my 2 bed flat in Bickley. Conveyancing solicitors are to be appointed soon, but I have recently received a yearly maintenance charge invoice – should I leave it to the buyer to sort out?

It best that you clear the maintenance contribution as normal as all ground rent and maintenance charges should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Having spent months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Bickley. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

Where there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to determine the sum to be paid.

An example of a Lease Extension decision for a Bickley flat is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case affected 1 flat. The number of years remaining on the existing lease(s) was 50.57 years.