Fixed-fee leasehold conveyancing in Bexhill On Sea:

Any conveyancing solicitor can theoretically deal with your leasehold conveyancing in Bexhill On Sea, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Common questions relating to Bexhill On Sea leasehold conveyancing

My partner and I may need to rent out our Bexhill On Sea 1st floor flat for a while due to a new job. We instructed a Bexhill On Sea conveyancing firm in 2003 but they have closed and we did not have the foresight to get any advice as to whether the lease allows us to sublet. How do we find out?

A lease governs the relationship between the landlord and you the flat owner; specifically, it will indicate if subletting is prohibited, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Bexhill On Sea do not contain strict prohibition on subletting – such a clause would undoubtedly devalue the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.

Back In 2007, I bought a leasehold house in Bexhill On Sea. Conveyancing and Clydesdale mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Bexhill On Sea who acted for me is not around.Do I pay?

The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Bexhill On Sea conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I am looking at a two apartments in Bexhill On Sea which have about fifty years unexpired on the leases. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Bexhill On Sea. The lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease decreases and results in it becoming more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this arena

Can you offer any advice when it comes to appointing a Bexhill On Sea conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a conveyancer for your lease extension (regardless if they are a Bexhill On Sea conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggested that you talk with two or three firms including non Bexhill On Sea conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions could be useful:

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

  • Can you provide any top tips for leasehold conveyancing in Bexhill On Sea from the point of view of saving time on the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Bexhill On Sea can be avoided if you instruct lawyers the minute you market your property and ask them to collate the leasehold information needed by the buyers representatives.
    • The majority freeholders or Management Companies in Bexhill On Sea charge for supplying management packs for a leasehold homes. You or your lawyers should discover the actual amount of the charges. The management pack sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Bexhill On Sea.
  • A minority of Bexhill On Sea leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers.
  • If you are supposed to have a share in the Management Company, you should ensure that you have the original share document. Organising a replacement share certificate is often a lengthy process and delays many a Bexhill On Sea conveyancing deal. If a new share certificate is needed, do contact the company director and secretary or managing agents (where relevant) for this sooner rather than later.
  • You may think that you are aware of the number of years remaining on your lease but you should verify this via your conveyancers. A buyer’s lawyer will not be happy to advise their client to to exchange contracts if the remaining number of years is less than 75 years. It is therefore important at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.

  • Bexhill On Sea Conveyancing for Leasehold Flats - Sample of Queries before Purchasing

      Best to be warned whether a new roof is being installed or some other major work is anticipated that will be shared between the leaseholders and will materially impact the level of the maintenance charges or necessitate a specific invoice. Is the freehold reversion owned collectively by the tenants? On the whole the cost for major works tend not to be incorporated into the maintenance charges, although there some managing agents in Bexhill On Sea obliged tenants to pay into a sinking fund and this is used to offset against major works.

    Other Topics

    Lease Extensions in Bexhill On Sea