My brother-in-law has suggested I instruct a conveyancing solicitor in Osterley Park. I I would like to check whether they are on the approved list of lawyers. Could you assist?

You should e-mail your lawyer and ask them if they are on the lender panel. Otherwise please call who may be able to help.

Should commercial conveyancing searches reveal planned roadworks that may affect a commercial property in Osterley Park?

Its becoming the norm that commercial conveyancing solicitors in Osterley Park will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Osterley Park. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Osterley Park.

For every commercial conveyancing transaction in Osterley Park it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Osterley Park commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Osterley Park.

I am a sole trader hoping to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no charges for commercial conveyancing in Osterley Park for below £1,200?

We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Osterley Park, including the sale and purchase of businesses as well as simply premises. If you are looking to purchase or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. Regarding the costs this will depend on the structure and nuances of the deal. Let us have your contact information or call so as to enable us to furnish you with a fixed commercial conveyancing calculation.

I have recently realised that I have Sixty One years left on my lease in Osterley Park. I now wish to extend my lease but my freeholder is missing. What are my options?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to demonstrate that you have used your best endeavours to track down the freeholder. On the whole an enquiry agent would be helpful to conduct investigations and prepare an expert document to be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a solicitor in relation to proving the landlord’s disappearance and the application to the County Court overseeing Osterley Park.

I purchased a ground floor flat in Osterley Park, conveyancing having been completed 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Osterley Park with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £45 yearly. The lease runs out on 21st October 50

With 50 years unexpired the likely cost is going to be between £36,100 and £41,800 as well as legals.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.

We own a leasehold flat in Osterley Park. Conveyancing was finalised in 2010. I have read on various consumer forums that I mustn’t let the the remaining lease term to fall too low. Is this correct?

Osterley Park leasehold properties are for a fixed period - usually 99 years when they started. However many appartments in Osterley Park were constructed or converted in the 60’s and so these leases now have under 80 years left to run. That may seem like a long time but Banks, Building Societies and other mortgage companies generally require leases to have at least seventy five years remaining to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are approaching seventy five years. To maximise your property value you should be considering whether to extend your lease well in advance of selling the property. You should note that there are significant benefits to doing so before the lease hits eighty years as when the lease falls below eighty years the premium to be paid to extend starts to get a lot more expensive.