Fixed-fee leasehold conveyancing in Coombe Dingle:

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Leasehold conveyancing in Coombe Dingle is more complex than freehold. Your home move will be smoother where you choose a lawyer with a wealth of experience of leasehold conveyancing in Coombe Dingle and next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Frequently asked questions relating to Coombe Dingle leasehold conveyancing

Due to sign contracts shortly on a leasehold property in Coombe Dingle. Conveyancing solicitors have said that they report fully next week. What should I be looking out for?

The report on title for your leasehold conveyancing in Coombe Dingle should include some of the following:

  • You should receive a copy of the lease
  • Are you allowed to have a pet in the flat?
  • You must be told what constitutes a Nuisance in the lease
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • Whether your lease has a provision for a reserve fund?
  • 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 a comprehensive list of information to be included in your report on your leasehold property in Coombe Dingle please ask your solicitor in ahead of your conveyancing in Coombe Dingle

    • I have just started marketing my 2 bed apartment in Coombe Dingle.Conveyancing has not commenced but I have just had a half-yearly maintenance charge demand – Do I pay up?

    It best that you discharge the invoice 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 management companies 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.

    I am attracted to a two flats in Coombe Dingle which have in the region of 50 years remaining on the leases. Do I need to be concerned?

    There are plenty of short leases in Coombe Dingle. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the saleability of the lease deteriorate and it becomes more expensive to acquire a lease extension. For this reason it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on such properties. Lease extension can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this arena

    I work for a long established estate agent office in Coombe Dingle where we have witnessed a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given contradictory information from local Coombe Dingle conveyancing solicitors. Could you confirm whether the seller of a flat can commence the lease extension formalities for the buyer?

    As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser 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 at the same time as completion of the sale.

    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.

    What are the frequently found deficiencies that you witness in leases for Coombe Dingle properties?

    Leasehold conveyancing in Coombe Dingle is not unique. All leases are individual and drafting errors can result in certain clauses are erroneous. The following missing provisions could result in a defective lease:

    • Repairing obligations to or maintain parts of the property
    • 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

    You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Bank of Scotland, and Nottingham Building Society all have express conveyancing instructions 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 provide security, forcing the purchaser to pull out.

    Coombe Dingle Leasehold Conveyancing - A selection of Queries Prior to Purchasing

      It is important to be aware whether fixing the lift or some other significant cost is due shortly that will be shared by the tenants and could well dramatically impact the level of the maintenance costs or require a specific invoice. What is the maintenance charge and ground rent on the apartment? Who is in charge of the block?

    Other Topics

    Lease Extensions in Coombe Dingle