Souldappointing a Maida Vale conveyancing practitioner make my purchase more efficient?
Existing third party relationships is an important consideration when choosing conveyancing solicitors. Maida Vale conveyancers enjoy connections with mortgage brokers and agents, local authorities, surveyors and other law firms meaning you will move in shortest possible time. Hosting a wealth of knowledge of the local area also helps too.
Our bank has recommended a law firm on their panel based in Maida Vale but I would rather choose a conveyancing lawyer in Maida Vale local to me. Are you able to assist?
The minority of Maida Vale conveyancing solicitors are listed all lender’s conveyancing panel. Please make use of the above search tool to find a Maida Vale conveyancing solicitor on the on the bank panel.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one round the corner in Maida Vale I like with amenity areas and transport links in the vicinity, the downside is that it only has 49 years on the lease. There is not much else in Maida Vale in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
Are there any apps to help locate a Maida Vale solicitor on the The Mortgage Works conveyancing panel? I drive a motor bike and am willing to travel upto 20miles to meet the solicitor.
Feel free to make use of the facility on this page. Please select a bank and your location and you will see a number of Maida Vale conveyancing lawyers locally. We have listed some Maida Vale conveyancing firms towards the end of this page and you can call them to check if they are on the The Mortgage Works member panel
I am employed by a busy estate agency in Maida Vale where we have experienced a number of flat sales jeopardised due to short leases. I have received contradictory information from local Maida Vale conveyancing firms. Could you confirm whether the owner of a flat can instigate the lease extension formalities for the buyer?
Provided that 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. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord 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 purchaser.
I inherited a two-bedroom flat in Maida Vale. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum payable for a lease extension?
Most certainly. We can put you in touch with a Maida Vale conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Maida Vale residence is 4 & 4A Charteris Road in June 2009. the Tribunal held that the price to be paid for the enfranchisement of 4/4a Charteris Road to be £15,510 for at 4and £15,694 for at 4a This case related to 2 flats. The number of years remaining on the existing lease(s) was 70.02 years.