Sample questions relating to Bexhill leasehold conveyancing
I am hoping to exchange soon on a basement flat in Bexhill. Conveyancing lawyers inform me that they are sending me a report tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Bexhill should include some of the following:
- Setting out your rights in relation to common areas in the block.For instance, does the lease permit a right of way over an accessway or hallways?
I own a leasehold house in Bexhill. Conveyancing and Leeds Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Bexhill who acted for me is not around.Any advice?
First make enquiries of HMLR to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Bexhill conveyancing firm to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Can you offer any advice when it comes to choosing a Bexhill conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for your lease extension (regardless if they are a Bexhill conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggested that you speak with several firms including non Bexhill conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions might be useful:
- How many lease extensions has the firm carried out in Bexhill in the last 12 months?
We expect to complete our sale of a £325000 garden flat in Bexhill in just under a week. The freeholder has quoted £348 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Bexhill?
Bexhill conveyancing on leasehold apartments usually requires the purchaser’s solicitor sending questions for the landlord to answer. Although the landlord is not legally bound to address these enquiries the majority will be content to assist. They may invoice a reasonable charge for responding to enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The administration charge levied by the landlord must be sent together with a summary of entitlements and obligations in relation to administration charges, otherwise the invoice is technically not due. In reality you have no choice but to pay whatever is requested of you should you wish to complete the sale of your home.
What makes a Bexhill lease problematic?
There is nothing unique about leasehold conveyancing in Bexhill. All leases are individual and drafting errors can sometimes mean that certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:
- Repairing obligations to or maintain parts of the property
- A duty to insure the building
- Clauses dealing with recovering service charges for expenditure on the building or common parts.
- Maintenance charge proportions which don’t add up to the correct percentage
You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Bank of Scotland, and Bank of Ireland all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the buyer to withdraw.
Bexhill Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
It would be wise to discover as much as possible concerning the company managing the building as they can either make life much simpler or much more difficult. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to practical issues like the tidiness of the communal areas. Don't be shy to ask other people if they are happy with their service. In conclusion, investigate as to the dates that the maintenance fees are due to the managing agents and precisely what you get for your money.
Is anyone aware of any major works in the planning that will add a premium to the service costs?
What prohibitions are there in the Bexhill Lease?