Why is leasehold purchase conveyancing in Foots Cray is more expensive?

The conveyancing charges on a leasehold property in Foots Cray is inevitably higher than on a freehold transaction. This is due to the additional investigations required in corresponding with the landlord and management company to collate the evidence about whether the rent and maintenance charges have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.

What will a local search inform me about the house my wife and I purchasing in Foots Cray?

Foots Cray conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations for example Onsearch The local search is essential in every Foots Cray conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.

How can the Landlord & Tenant Act 1954 affect my business offices in Foots Cray and how can you help?

The particular law that you refer to affords security of tenure to commercial leaseholders, granting the a statutory right to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Foots Cray

Having spent months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Foots Cray. Can we issue an application to the Residential Property Tribunal Service?

Absolutely. We can put you in touch with a Foots Cray conveyancing firm who can help.

An example of a Lease Extension case for a Foots Cray flat is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case affected 1 flat.

In relation to leasehold conveyancing in Foots Cray what are the most common lease defects?

There is nothing unique about leasehold conveyancing in Foots Cray. All leases are drafted differently and drafting errors can result in certain provisions are missing. The following missing provisions could result in a defective lease:

Insurance obligations Maintenance charge proportions which don’t add up to the correct percentage

You will have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Coventry Building Society, and Barclays Direct all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to withdraw.

At long last our conveyancing in Foots Cray is set to complete on Friday, however the person I am purchasing off wants to vacate 24 hours later at noon. Do I accept this?

It is not possible to complete on a Saturday due to the bank systems are not working.