Fixed-fee leasehold conveyancing in Bournemouth:

Any conveyancing practice can theoretically handle your leasehold conveyancing in Bournemouth, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Bournemouth leasehold conveyancing Example Support Desk Enquiries

I have recently realised that I have Seventy years unexpired on my flat in Bournemouth. I now want to get lease extension but my freeholder is absent. What should I do?

If 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 mean that your lease can be extended by the magistrate. However, you will be required to demonstrate that you have used your best endeavours to track down the freeholder. On the whole a specialist may be useful to carry out a search and prepare a report which can be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer both on proving the landlord’s disappearance and the vesting order request to the County Court overseeing Bournemouth.

I am hoping to complete next month on a basement flat in Bournemouth. Conveyancing lawyers assured me that they will have a report out to me within the next couple of days. What should I be looking out for?

Your report on title for your leasehold conveyancing in Bournemouth should include some of the following:

  • The length of the lease term You should be advised as what happens when the lease ends, and aware 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 property. This will be the flat itself but may incorporate a roof space or cellar if appropriate.
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • Changes to the flat (alterations and additions)
  • Responsibility for repairing the window frames
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be contained in your report on your leasehold property in Bournemouth please ask your solicitor in advance of your conveyancing in Bournemouth

  • I’m about to sell my garden apartment in Bournemouth.Conveyancing has not commenced but I have just received a quarterly service charge demand – should I leave it to the buyer to sort out?

    It best that you pay the service charge as normal because all ground rent and service charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

    Back In 2004, I bought a leasehold flat in Bournemouth. Conveyancing and TSB mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Bournemouth who acted for me is not around.Do I pay?

    First make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to incur the fees of a Bournemouth conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

    All being well we will complete our sale of a £250000 flat in Bournemouth next week. The management company has quoted £408 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Bournemouth?

    Bournemouth conveyancing on leasehold flats normally necessitates administration charges raised by freeholders :

    • Addressing pre-contract questions
    • Where consent is required before sale in Bournemouth
    • Supplying insurance information
    • Deeds of covenant upon sale
    • Registering of the assignment of the change of lessee after a sale
    Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Bournemouth leasehold premises is £350. For Bournemouth 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 obliged to provide answers.

    Bournemouth Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing

      What is the length of the lease? How much is the service charge and ground rent on the property? The best form of lease structure is a share of the freehold. In this scenario the leaseholders have being in charge if their destiny and although a managing agent is frequently retained where it is larger than a house conversion, the managing agent retained by the leaseholders.

    Other Topics

    Lease Extensions in Bournemouth