Experts for Leasehold Conveyancing in Ellesmere Port

Leasehold conveyancing in Ellesmere Port 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 Ellesmere Port and throughout 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 Ellesmere Port leasehold conveyancing

Planning to exchange soon on a leasehold property in Ellesmere Port. Conveyancing lawyers assured me that they are sending me a report next week. Are there areas in the report that I should be focusing on?

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

  • Does the lease prohibit wood flooring?
  • 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
  • You should have a good understanding of the insurance provisions
  • 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
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building
  • Responsibility for repairing the window frames For details of the information to be included in your report on your leasehold property in Ellesmere Port please enquire of your conveyancer in advance of your conveyancing in Ellesmere Port

  • I have just started marketing my basement flat in Ellesmere Port.Conveyancing has not commenced but I have just received a half-yearly service charge demand – Do I pay up?

    It best that you pay the service charge 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 unless 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. This will smooth the conveyancing process.

    What advice can you give us when it comes to choosing a Ellesmere Port conveyancing practice to deal with our lease extension?

    When appointing a solicitor for lease extension works (regardless if they are a Ellesmere Port conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Ellesmere Port conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions could be helpful:

    • What volume of lease extensions have they carried out in Ellesmere Port in the last 12 months?
  • What are the legal fees for lease extension conveyancing?

  • Can you provide any advice for leasehold conveyancing in Ellesmere Port from the perspective of expediting the sale process?

    • Much of the delay in leasehold conveyancing in Ellesmere Port can be avoided where you instruct lawyers as soon as your agents start advertising the property and request that they start to collate the leasehold information which will be required by the purchasers’ solicitors.
    • The majority freeholders or managing agents in Ellesmere Port charge for providing management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Ellesmere Port.
  • If you have carried out any alterations to the property would they have required Landlord’s consent? Have you, for example laid down wooden flooring? Most leases in Ellesmere Port state that internal structural changes or addition of wooden flooring necessitate a licence from the Landlord acquiescing to such alterations. Should you dont have the paperwork in place you should not communicate with the landlord without contacting your conveyancer before hand.
  • If you hold a share in a the freehold, you should ensure that you hold the original share certificate. Organising a new share certificate is often a time consuming process and delays many a Ellesmere Port home move. Where a reissued share certificate is required, you should approach the company director and secretary or managing agents (where relevant) for this at the earliest opportunity.
  • You believe that you know the number of years left on your lease but it would be advisable double-check by asking your lawyers. A purchaser's lawyer will be unlikely to recommend their client to where the remaining number of years is less than 80 years. It is therefore essential at an early stage that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale.

  • In relation to leasehold conveyancing in Ellesmere Port what are the most frequent lease problems?

    Leasehold conveyancing in Ellesmere Port is not unique. All leases is drafted differently and legal mistakes in the legal wording can result in certain clauses are missing. The following missing provisions could result in a defective lease:

    • Repairing obligations to or maintain elements of the premises
    • A duty to insure the building
    • Clauses dealing with recovering service charges for expenditure on the building or common parts.
    • Maintenance charge proportions which don’t add up to the correct percentage

    You could have 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. Nationwide Building Society, Leeds Building Society, and Godiva Mortgages Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, obliging the buyer to pull out.

    I inherited a 1st floor flat in Ellesmere Port, conveyancing formalities finalised 7 years ago. How much will my lease extension cost? Corresponding properties in Ellesmere Port with a long lease are worth £226,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease expires on 21st October 2077

    With only 56 years unexpired we estimate the premium for your lease extension to span between £30,400 and £35,200 plus costs.

    The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.

    Other Topics

    Lease Extensions in Ellesmere Port