Guaranteed fixed fees for Leasehold Conveyancing in Corfe Castle

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Leasehold conveyancing in Corfe Castle 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 Corfe Castle and throughout next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Common questions relating to Corfe Castle leasehold conveyancing

I am in need of some leasehold conveyancing in Corfe Castle. Before I get started I require certainty as to the unexpired term of the lease.

Assuming the lease is registered - and most are in Corfe Castle - then the leasehold title will always include the basic details 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.

I've recently bought a leasehold house in Corfe Castle. Do I have any liability for service charges for periods before my ownership?

In a situation 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. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element 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 choosing a Corfe Castle conveyancing practice to deal with our lease extension?

When appointing a conveyancer for lease extension works (regardless if they are a Corfe Castle conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Corfe Castle 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 of use:

  • What volume of lease extensions have they conducted in Corfe Castle in the last 12 months?
  • Can they put you in touch with client in Corfe Castle who can give a testimonial?

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

    • Much of the delay in leasehold conveyancing in Corfe Castle can be avoided where you get in touch lawyers the minute your agents start marketing the property and ask them to put together the leasehold documentation which will be required by the buyers solicitors.
    • Many landlords or managing agents in Corfe Castle charge for providing management packs for a leasehold homes. You or your lawyers should find out the fee that they propose to charge. The management information sought as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Corfe Castle.
  • If you have carried out any alterations to the residence would they have required Landlord’s consent? In particular have you installed wooden flooring? Corfe Castle leases often stipulate that internal structural changes or addition of wooden flooring calls for a licence from the Landlord approving such works. Should you dont have the paperwork in place you should not contact the landlord without checking with your solicitor first.
  • If you have the benefit of shareholding in the Management Company, you should ensure that you are holding the original share document. Obtaining a replacement share certificate can be a time consuming process and frustrates many a Corfe Castle conveyancing deal. Where a duplicate share certificate is required, do contact the company officers or managing agents (where relevant) for this at the earliest opportunity.
  • You may think that you are aware of the number of years remaining on your lease but it would be advisable double-check via your lawyers. A purchaser's lawyer will be unlikely to recommend their client to to exchange contracts if the lease term is under 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.

    • We expect to complete the sale of our £325000 maisonette in Corfe Castle next Friday . The managing agents has quoted £300 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Corfe Castle?

    Corfe Castle conveyancing on leasehold apartments normally involves the purchaser’s solicitor submitting enquiries for the landlord to answer. Although the landlord is not legally bound to answer such questions the majority will be content to do so. They are at liberty levy a reasonable charge for answering questions or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some cases it is in excess of £800. The administration charge invoiced by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, without which the invoice is not strictly payable. Reality however dictates that one has no option but to pay whatever is requested of you should you wish to complete the sale of your home.

    Leasehold Conveyancing in Corfe Castle - Examples of Questions you should ask Prior to Purchasing

      Does the lease include onerous restrictions? Where a Corfe Castle lease has fewer than 80 years it will impact the marketability of the apartment. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will probably have to extend the lease sooner rather than later and it is worth finding out what this would cost. For most Corfe Castlelease extensions you will need to own the premises for a couple of years in order to be eligible to exercise a lease extension. Its a good idea to discover as much as possible about the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to practical issues like the tidiness of the common parts. Enquire of prospective neighbours if they are happy with them. In conclusion, investigate as to the dates that the service fees are due to the relevant party and precisely what it includes.

    Other Topics

    Lease Extensions in Corfe Castle