Fixed-fee leasehold conveyancing in Borth:

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When it comes to leasehold conveyancing in Borth, you will need to chose a conveyancing practitioner with leasehold experience. Whether your mortgage company is to be Santander, RBS or Nationwide be sure to choose a lawyer on their panel. Find a Borth conveyancing lawyer with our search tool

Sample questions relating to Borth leasehold conveyancing

I am on look out for some leasehold conveyancing in Borth. Before diving in I require certainty as to the unexpired term of the lease.

Assuming the lease is registered - and most are in Borth - 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 wish to sublet my leasehold apartment in Borth. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?

A small minority of properties in Borth do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.

I am employed by a busy estate agent office in Borth where we see a few leasehold sales jeopardised due to short leases. I have received inconsistent advice from local Borth conveyancing firms. Can you clarify whether the owner of a flat can initiate the lease extension process for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Can you offer any advice when it comes to choosing a Borth conveyancing practice to deal with our lease extension?

When appointing a solicitor for your lease extension (regardless if they are a Borth conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We suggested that you talk with two or three firms including non Borth conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions could be of use:

  • If they are not ALEP accredited then why not?
  • What are the legal fees for lease extension work?

    • Do you have any top tips for leasehold conveyancing in Borth from the point of view of expediting the sale process?

    • Much of the delay in leasehold conveyancing in Borth can be avoided if you instruct lawyers as soon as your agents start advertising the property and ask them to collate the leasehold documentation which will be required by the purchasers’ conveyancers.
    • The majority landlords or Management Companies in Borth charge for supplying management packs for a leasehold property. You or your lawyers should enquire as to the fee that they propose to charge. The management information can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Borth.
  • A minority of Borth leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference should make it clear that the buyer is financially capable of paying 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 actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers.
  • If you have had conflict with your freeholder or managing agents it is very important that these are resolved prior to the flat being put on the market. The buyers and their solicitors will be nervous about purchasing a property where there is an ongoing dispute. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is better to reveal the dispute as over rather than ongoing.
  • If you hold a share in a the freehold, you should make sure that you have the original share document. Organising a new share certificate can be a time consuming process and slows down many a Borth conveyancing deal. Where a duplicate share is required, you should approach the company officers or managing agents (where applicable) for this as soon as possible.

    • Borth Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying

      Are any of leasehold owners in dispute over their service charge payments? How long is the Lease? This information is useful as a) areas may result in problems for the block as the common areas may begin to deteriorate where services remain unpaid b) if the tenants have a dispute with the managing agents you will need to have all the details

    Other Topics

    Lease Extensions in Borth