I have given 8 weeks notice to my current landlord and have to leave my rented apartment in Grahame Park by . Conveyancing on my purchase is underway. Is it possible to complete in three weeks as I wish to avoid having to find short term accommodation?

It is unwise to give notice on a rental until your lawyer suggests that you should. Assuming that you have not previously done so, notify to your lawyer and urge them to they cajole the owners side, try to get a realistic time scale from them that everyone will aim to achieve

My wife and I have recently appointed a conveyancing solicitor in Grahame Park. I I would like to check whether they are accepted on the approved list of lawyers. Can you or the lender confirm if they are on the panel?

You should contact your conveyancer and ask them if they can act for the bank. Otherwise you should get in touch with who may be able to confirm.

Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a quick, no chain conveyancing. Grahame Park is the location of the property. What do you suggest?

Flying freeholds in Grahame Park are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Grahame Park you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Grahame Park may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

In surfing the world wide web for the words on line conveyancing in Grahame Park it reveals many conveyancersin the vicinity. How do I determine which is the suitable solicitor for the sale of my house?

The best method of seeking the right conveyancer is through a personal referral, so seek the opinion of friends and family who have acquired a property in Grahame Park or a respected estate agent or mortgage broker. Costs for conveyancing in Grahame Park differ, so it's a good idea to request at least four costs illustrations from different conveyancers. Make sure that you clarify what costs in the quote includes.

I am tempted by the attractive purchase price for a couple of flats in Grahame Park both have in the region of fifty years left on the leases. Will this present a problem?

There is no doubt about it. A leasehold apartment in Grahame Park is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. The majority of purchasers and lenders, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Grahame Park conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Grahame Park Conveyancing for Leasehold Flats - Examples of Queries Prior to buying

This information is useful as a) areas could cause problems in the building as the common areas may begin to deteriorate if repairs are not paid for b) if the leasehold owners have a dispute with the running of the building you will wish to know about it What restrictions are there in the Grahame Park Lease?