A friend suggested that where I am purchasing in New Beckenham I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your New Beckenham conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about New Beckenham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the New Beckenham Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, New Beckenham Education with plans and statistics, Local Amenities and other useful information concerning New Beckenham.
I am buying a new build apartment in New Beckenham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in New Beckenham
-
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Please confirm the Lease plans are architect prepared.
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Forfeiture - bankruptcy or liquidation must not apply under this provision.
I have been on the look out for a leasehold apartment up to £305k and found one close by in New Beckenham I like with a park and transport links in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in New Beckenham in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the remaining unexpired lease term will likely be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
Is there anything unique about your site and alternative online quote calculators for conveyancing in New Beckenham?
At this site get a conveyancing quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in New Beckenham. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you appoint them for your property ownership legalities in New Beckenham
Back In 2009, I bought a leasehold flat in New Beckenham. Conveyancing and mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing solicitor in New Beckenham who acted for me is not around. Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. There is no need to incur the fees of a New Beckenham conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a 1 bedroom flat in New Beckenham, conveyancing was carried out 3 years ago. How much will my lease extension cost? Similar flats in New Beckenham with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 per annum. The lease expires on 21st October 50
With only 50 years remaining on your lease we estimate the premium for your lease extension to be between £36,100 and £41,800 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.