Can you explain why leasehold purchase conveyancing in South Acton costs more?

The conveyancing fees on a leasehold premises in South Acton is frequently higher than on a freehold property. This is because there is an amount of supplemental time necessary in corresponding with the landlord and management company to obtain evidence about whether the rent and service charges have been cleared and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.

I purchased a renovated Edwardian house in South Acton. Conveyancing solicitor acted for me and . I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the exact same property. Is it worth asking to clarify?

You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in South Acton and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.

I am buying a new build house in South Acton with a mortgage from . The builders would not move on the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not to tell my conveyancer about the deal as it may adversely affect my loan with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Due to the encouragement of my in-laws I had a survey completed on a house in South Acton in advance of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some lenders may not grant a loan on a flying freehold property.

It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to telephone us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in South Acton. Conveyancing may be slightly more expensive based on your lender's requirements.

How can the Landlord & Tenant Act 1954 impact my commercial offices in South Acton and how can your lawyers assist?

The 1954 Act affords protection to business tenants, granting the dueness to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in South Acton