Fixed-fee leasehold conveyancing in Charlbury:

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While any conveyancing practice can theoretically handle your leasehold conveyancing in Charlbury, your mortgage provider may not be willing to work with them if the firm are not on their list of approved solicitors for conveyancing

Charlbury leasehold conveyancing: Q and A’s

Having had my offer accepted I require leasehold conveyancing in Charlbury. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.

If the lease is recorded at the land registry - and 99.9% are in Charlbury - 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.

Looking forward to complete next month on a leasehold property in Charlbury. Conveyancing lawyers inform 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 Charlbury should include some of the following:

  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, landlord
  • Defining your rights in relation to the communal areas in the block.For example, does the lease permit a right of way over an accessway or hallways?
  • 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
  • You should have a good understanding of the insurance provisions
  • Repair and maintenance of the flat
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • What options are open to you if a neighbour is in violation of a provision in their lease? For details of the information to be contained in your report on your leasehold property in Charlbury please ask your lawyer in advance of your conveyancing in Charlbury

    • I own a leasehold house in Charlbury. Conveyancing and Coventry Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Charlbury who acted for me is not around.Any advice?

    First contact HMLR to make sure that this person is in fact the new freeholder. You do not need to incur the fees of a Charlbury conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

    Last month I purchased a leasehold house in Charlbury. Am I liable to pay service charges for periods before my ownership?

    Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

    If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

    What advice can you give us when it comes to appointing a Charlbury conveyancing firm to deal with our lease extension?

    If you are instructing a property lawyer for lease extension works (regardless if they are a Charlbury conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggested that you speak with several firms including non Charlbury conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be helpful:

    • How experienced is the firm with lease extension legislation?
  • How many lease extensions have they conducted in Charlbury in the last twenty four months?

    • Leasehold Conveyancing in Charlbury - A selection of Questions you should ask Prior to Purchasing

      How long is the Lease? How much is the ground rent and service charge? Please note if it is no more than 80 years it will affect the salability of the flat. Check with your lender that they are willing to lend given the lease term. A short lease means that you will probably require a lease extension at some point and you need to have some idea of what this will be. For most Charlburylease extensions you would be be obliged to have been the owner of the property for 24 months before you are entitled to extend the lease.

    Other Topics

    Lease Extensions in Charlbury