Quality lawyers for Leasehold Conveyancing in Bishops Cleeve

When it comes to leasehold conveyancing in Bishops Cleeve, you will need to chose a conveyancing solicitor with leasehold experience. Whether your lender is to be Halifax, Yorkshire Building Society or NatWest be sure to choose a lawyer on their panel. Feel free to use our search tool

Questions and Answers: Bishops Cleeve leasehold conveyancing

Having had my offer accepted I require leasehold conveyancing in Bishops Cleeve. Before I set the wheels in motion I require certainty as to the remaining lease term.

If the lease is registered - and 99.9% are in Bishops Cleeve - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title.For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I only have Seventy years remaining on my flat in Bishops Cleeve. I am keen to extend my lease but my freeholder is can not be found. What are my options?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to find the lessor. In some cases a specialist would be helpful to carry out a search and to produce an expert document to be used as evidence that the freeholder can not be located. It is wise to seek advice from a property lawyer both on devolving into the landlord’s absence and the application to the County Court covering Bishops Cleeve.

I've found a house that appears to meet my requirements, at a great figure which is making it more attractive. I have just been informed that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Bishops Cleeve. Conveyancing advisers have are soon to be appointed. Will they explain the issues?

Most houses in Bishops Cleeve are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can help the conveyancing process. it is apparent that you are buying in Bishops Cleeve in which case you should be shopping around for a Bishops Cleeve conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as requiring the landlord’sconsent to conduct alterations. It may be necessary to pay a service charge towards the upkeep of the communal areas where the property is located on an estate. Your conveyancer will appraise you on the various issues.

I am tempted by the attractive purchase price for a couple of flats in Bishops Cleeve both have approximately forty five years remaining on the lease term. Will this present a problem?

There is no doubt about it. A leasehold apartment in Bishops Cleeve is a deteriorating asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the marketability of the property. The majority of buyers and banks, leases with under eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Bishops Cleeve conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

We expect to complete the sale of our £350000 flat in Bishops Cleeve on Wednesday in a week. The management company has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Bishops Cleeve?

Bishops Cleeve conveyancing on leasehold apartments usually involves fees being invoiced by managing agents :

  • Answering pre-exchange enquiries
  • Where consent is required before sale in Bishops Cleeve
  • Copies of the building insurance and schedule
  • Deeds of covenant upon sale
  • Registering of the assignment of the change of lessee after a sale
Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Bishops Cleeve leasehold property is £350. For Bishops Cleeve conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide the information.

Bishops Cleeve Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying

    For most Bishops Cleeve leaseholds the outlay for major works tend not to be incorporated into the service charges, although a few managing agents in Bishops Cleeve ask leaseholders to pay into a reserve fund created for the specific purpose of building a fund for larger repairs or maintenance. Is there a share of the freehold? What is the service charge and ground rent on the flat?

Other Topics

Lease Extensions in Bishops Cleeve