Is there a reason why leasehold purchase conveyancing in Bromley costs more?

The conveyancing fees for a leasehold premises in Bromley is often higher when contrasted to a freehold acquisition or disposal. This is because there is an amount of extra time necessary in corresponding with the freeholder and managing agents to collate the evidence concerning whether the rent and maintenance fee have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.

Are the BSA intent on creating a online directory to to identify firms on the Melton Mowbray Building Society conveyancing panel for example in Bromley?

Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.

It has been five months following my purchase conveyancing in Bromley concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

What advice can you give us when it comes to finding a Bromley conveyancing practice to carry out our lease extension conveyancing?

When appointing a property lawyer for your lease extension (regardless if they are a Bromley conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non Bromley conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:

How experienced is the firm with lease extension legislation? Can they put you in touch with clients in Bromley who can give a testimonial?

I have tried to negotiate informally with with my landlord to extend my lease without success. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Bromley conveyancing firm to help?

You certainly can. We are happy to put you in touch with a Bromley conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Bromley property is 70 Andace Park Gardens 133-149 Widmore Road in November 2013. Tribunal determined that the premium payable for the lease extension was £10,052 This case related to 1 flat. The unexpired residue of the current lease was 72 years.

What are the compelling advantages to instructing a high street conveyancing practitioner in Bromley

Many purchasers and sellers in Bromley select a nearby high street conveyancing practitioner so that they can attend the lawyer’s offices if they have problems, and to execute mortgage deeds rather than depending on the post.

Some would say that there exists a slight edge when using a conveyancing practitioner local to the property you are purchasing, due to the familiarity of the area and possible local concerns - yet this is moot. The majority of conveyancers carry out their communications online and could be any place in the world.