Leasehold Conveyancing in Clifton Village - Get a Quote from the leasehold experts approved by your lender

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

Clifton Village leasehold conveyancing: Q and A’s

I only have Sixty One years remaining on my flat in Clifton Village. I am keen to get lease extension but my landlord is absent. What should I do?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to prove that you or your lawyers have made all reasonable attempts to track down the freeholder. In some cases an enquiry agent would be useful to carry out a search and to produce an expert document which can be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a solicitor both on devolving into the landlord’s disappearance and the application to the County Court overseeing Clifton Village.

Planning to complete next month on a garden flat in Clifton Village. Conveyancing solicitors assured me that they will have a report out to me next week. What should I be looking out for?

Your report on title for your leasehold conveyancing in Clifton Village 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 not letting the lease term falling below eighty years
  • Setting out your rights in respect of common areas in the building.E.G., does the lease include a right of way over an accessway or staircase?
  • Does the lease prohibit wood flooring?
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • Whether your lease has a provision for a reserve fund?
  • Repair and maintenance of the flat
  • The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide. For details of the information to be included in your report on your leasehold property in Clifton Village please enquire of your conveyancer in advance of your conveyancing in Clifton Village

    • I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have just been informed that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Clifton Village. Conveyancing lawyers have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Clifton Village ?

    Most houses in Clifton Village are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Clifton Village in which case you should be looking for a Clifton Village conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’sconsent to conduct changes to the property. You may also be required to pay a service charge towards the upkeep of the communal areas where the property is located on an estate. Your solicitor will report to you on the legal implications.

    I am looking at a two flats in Clifton Village both have about fifty years unexpired on the lease term. should I be concerned?

    There are plenty of short leases in Clifton Village. The lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the marketability of the lease deteriorate and results in it becoming more costly to extend the lease. This is why it is generally wise to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field

    Can you offer any advice when it comes to finding a Clifton Village conveyancing firm to deal with our lease extension?

    When appointing a conveyancer for lease extension works (regardless if they are a Clifton Village conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Clifton Village conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. Some following of questions might be of use:

    • Can they put you in touch with client in Clifton Village who can give a testimonial?
  • What are the costs for lease extension work?

    • I own a split level flat in Clifton Village, conveyancing having been completed in 2004. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Clifton Village with over 90 years remaining are worth £212,000. The ground rent is £60 per annum. The lease ends on 21st October 2101

    With just 76 years remaining on your lease we estimate the premium for your lease extension to span between £8,600 and £9,800 plus costs.

    The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.

    Other Topics

    Lease Extensions in Clifton Village