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Sales & Purchases

The experience of the property department means that they are capable of working on single transactions and/or related transactions involving both a purchase and a sale. All members of the property department are qualified in acting on Freehold, Leasehold and part ownership/housing scheme properties.

Mortgages & Remortgages

The firm is registered on the panels of most of the major mortgage lender and are therefore able to act on purchases and remortgages ensuring an efficient service is always offered.

Lease Extensions

The property department has acted on behalf of tenants and landlords in negotiating and drafting the appropriate documentation to obtain an extended term to a current lease. We work closely with surveyors to ensure the best premium is paid at all times. Also we work closely with a litigation firm on all applications needing to be made to the Leasehold Valuation Tribunal.

Assured Shorthold Tenancy

Over the years the property department has helped to draft many tenancy agreements on behalf of clients. They also manage properties on behalf of their clients ensuring maintenance is undertaken and the rent collected.

Leasehold Enfranchisement

This is the process whereby tenants purchase the freehold interest in the building. The property department can advise on the process of purchasing the Freehold of a block of flats and also on the most efficient way the tenants can proceed. Together with the commercial department, companies can be created for the benefit of the tenants and then the Freehold purchased in the name of the company. In the same way as was explained for the lease extensions, the firm would wok very closely with surveyors in negotiating a suitable premium to be paid.

Stages of the process

The precise stages involved in the purchase of a residential leasehold property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
• Take your instructions and give you initial advice
• Check finances are in place to fund purchase and contact lender’s solicitors if needed
• Receive and advise on contract documents
• Carry out searches
• Obtain further planning documentation if required
• Make any necessary enquiries of seller’s solicitor
• Give you advice on all documents and information received
• Go through conditions of mortgage offer
• Send final contract to you for signature
• Draft Transfer
• Advise you on joint ownership
• Obtain pre-completion searches
• Agree completion date (date from which you own the property)
• Exchange contracts and notify you that this has happened
• Arrange for all monies needed to be received from lender and you
• Complete purchase
• Deal with payment of Stamp Duty/Land Tax
• Deal with application for registration at Land Registry

How long will my house purchase take?

How long it will take from your offer being accepted until you can move in to your house will depend on a number of factors. The average process takes between 8-12 weeks. It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take longer. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 3 and 6 months. In such, a situation additional charges would apply.

Contact us for more information or any queries.

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