How do Gray’s Inn Estates help their clients?
- We are experienced ground
rent investors who can be relied upon to
complete a deal fast.
- We understand the house
building industry and empathise with the
client’s needs at all times.
- Our solicitors also act
for major housebuilders so they understand
our client’s needs.
- Our solicitors act in a
commercial manner always acting with the
deal in mind.
- We prepare and serve legal
notices on the leaseholders on behalf of
the seller saving
their legal costs.
A busy housebuilder can rely
on Gray’s Inn Estates to complete any
deal within very tight deadlines. Our client
base includes most of the large publicly quoted
builders and we always give total consideration
to our client’s financial year targets.
We can give case study examples of completing
very large deals within 14 days of instructing
solicitors in the past.
The speed of service
is partly due to the solicitors that Gray’s
Inn Estates use for conveyancing. Our solicitors
also act for many housebuilders on both land
deals and plot sales. Their detailed understanding
of the housebuilding industry means that they
can work much faster with the seller’s
solicitors.
Selling ground rents is subject
to some detailed and evolving legislation.
We at Gray’s Inn Estates advise any seller
on the best way to proceed with a sale. We
provide much of the legal documentation such
as section 5 and 18 Notices in accordance with
the Landlord & Tenant Act 1987, which may
be required at the pre-sale stage at no cost
to the housebuilder. We can also advise when
it is suitable to go down the single asset
company disposal route for a sale.
We acquire
ground rents using a special fast track conveyancing
method. Generally, deals do go directly to
completion without the need of a contract.
We have arranged a special method of conveyancing
where the finance that is required is not addressed
until after completion. That means that our
solicitors do not need to report to lenders’ solicitors,
or solicitors of an in-house legal department,
or any other third parties during the conveyancing
process. This enables our solicitors to focus
specifically on the deal and complete very
quickly. Indeed it is this very fact that not
only makes Gray’s Inn Estates an attractive
purchaser, but also enables us to complete
other deals that have been aborted in the past.
The constraints and cumbersome
processes of an institutional purchaser have
become extremely
elaborate and legal costs can become uneconomical
for the seller. Being a privately owned company
with an entrepreneurial attitude, we have
taken over many deals which have failed through
excessive
or unimaginative conveyancing practices. |