Quality lawyers for Leasehold Conveyancing in Aylesbury

Get a Quote

Need to find a solicitor for leasehold conveyancing in Aylesbury on your lender’s panel? Make use of our search tool to find leading local Aylesbury conveyancing lawyers or national solicitors on your lender’s panel .

Aylesbury leasehold conveyancing: Q and A’s

I am hoping to exchange soon on a basement flat in Aylesbury. Conveyancing solicitors assured me that they are sending me a report within the next couple of days. What should I be looking out for?

The report on title for your leasehold conveyancing in Aylesbury should include some of the following:

  • The length of the lease term You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark
  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
  • The total extent of the demise. This will be the flat itself but may include a roof space or basement if appropriate.
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • Whether your lease has a provision for a sinking fund?
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be included in your report on your leasehold property in Aylesbury please enquire of your solicitor in ahead of your conveyancing in Aylesbury

    • Back In 2005, I bought a leasehold house in Aylesbury. Conveyancing and Birmingham Midshires mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Aylesbury who previously acted has now retired.What should I do?

    The first thing you should do is make enquiries of HMLR to make sure that the individual purporting to own the freehold is in fact the new freeholder. It is not necessary to incur the fees of a Aylesbury conveyancing solicitor to do this as you can do this on the Land Registry website for £3. 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 am looking at a couple of flats in Aylesbury which have approximately 50 years unexpired on the leases. should I be concerned?

    There are plenty of short leases in Aylesbury. The lease is a right to use the property for a prescribed time frame. As the lease shortens the value of the lease deteriorate and it becomes more costly to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We recommend you get professional assistance from a solicitor and surveyor with experience in this field

    Last month I purchased a leasehold flat in Aylesbury. Am I liable to pay service charges for periods before completion of my purchase?

    Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

    If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

    What advice can you give us when it comes to choosing a Aylesbury conveyancing firm to deal with our lease extension?

    When appointing a property lawyer for lease extension works (regardless if they are a Aylesbury conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with two or three firms including non Aylesbury conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be helpful:

    • How familiar is the practice with lease extension legislation?
  • If they are not ALEP accredited then what is the reason?

    • Aylesbury Leasehold Conveyancing - Sample of Questions you should ask before Purchasing

      It is important to be aware if redecorating or some other major work is due in the foreseeable future that will be shared by the leaseholders and will dramatically increase the the maintenance fees or require a specific payment. What is the length of the lease? Make sure you discover if the the lease includes any onerous restrictions in the lease. By way of example some leases prohibit pets being permitted in in a block in Aylesbury. If you love the apartmentin Aylesbury but your dog can’t live with you then you will be presented with a difficult choice.

    Other Topics

    Lease Extensions in Aylesbury