Fixed-fee leasehold conveyancing in Burgess Hill:

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When it comes to leasehold conveyancing in Burgess Hill, you will need to instruct a conveyancing practitioner with leasehold experience. Whether your mortgage company is to be Lloyds, Birmingham Midshires or Nationwide make sure you choose a lawyer on their panel. Find a Burgess Hill conveyancing lawyer with our search tool

Questions and Answers: Burgess Hill leasehold conveyancing

Planning to exchange soon on a studio apartment in Burgess Hill. Conveyancing lawyers inform me that they are sending me a report within the next couple of days. What should I be looking out for?

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

  • You should receive a copy of the lease
  • The physical extent of the premises. This will be the property itself but might incorporate a loft or basement if appropriate.
  • Are pets allowed in the flat?
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • Responsibility for repairing the window frames
  • What the implications are if you breach a clause of your lease? For details of the information to be contained in your report on your leasehold property in Burgess Hill please ask your conveyancer in ahead of your conveyancing in Burgess Hill

    • I am attracted to a two maisonettes in Burgess Hill which have approximately forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?

    A lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the saleability of the lease deteriorate and results in it becoming more expensive to acquire a lease extension. This is why it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area

    What are your top tips when it comes to finding a Burgess Hill conveyancing firm to deal with our lease extension?

    When appointing a property lawyer for your lease extension (regardless if they are a Burgess Hill conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggested that you talk with several firms including non Burgess Hill conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions might be useful:

    • How familiar is the practice with lease extension legislation?
  • What volume of lease extensions has the firm conducted in Burgess Hill in the last year?

    • Do you have any top tips for leasehold conveyancing in Burgess Hill with the purpose of saving time on the sale process?

    • Much of the frustration in leasehold conveyancing in Burgess Hill can be avoided if you appoint lawyers as soon as you market your property and ask them to put together the leasehold information which will be required by the buyers conveyancers.
    • The majority freeholders or Management Companies in Burgess Hill levy fees for providing management packs for a leasehold homes. You or your lawyers should discover the actual amount of the charges. The management pack can be applied for on or before finding a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Burgess Hill.
  • In the event that you altered the property did you need the Landlord’s permission? Have you, for example laid down wooden flooring? Burgess Hill leases often stipulate that internal structural changes or addition of wooden flooring necessitate a licence issued by the Landlord approving such alterations. If you dont have the paperwork to hand you should not communicate with the landlord without checking with your conveyancer in the first instance.
  • If you hold a share in a the freehold, you should ensure that you hold the original share certificate. Arranging a duplicate share certificate is often a lengthy process and frustrates many a Burgess Hill home move. Where a reissued share is necessary, do contact the company officers or managing agents (if applicable) for this sooner rather than later.
  • You may think that you are aware of the number of years left on your lease but you should verify this by asking your conveyancers. A purchaser's conveyancer will not be happy to advise their client to where the lease term is below 75 years. In the circumstances it is important at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale.

    • Are there common defects that you encounter in leases for Burgess Hill properties?

    There is nothing unique about leasehold conveyancing in Burgess Hill. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain clauses are wrong. The following missing provisions could result in a defective lease:

    • Repairing obligations to or maintain elements of the building
    • A duty to insure the building
    • A provision for the recovery of money spent for the benefit of another party.
    • Maintenance charge proportions which don’t add up to the correct percentage

    A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Norwich and Peterborough Building Society, and TSB all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the buyer to pull out.

    Burgess Hill Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to Purchasing

      Is there a share of the freehold? Who are the managing agents? How much is the maintenance charge and ground rent on the flat?

    Other Topics

    Lease Extensions in Burgess Hill