Leasehold Conveyancing in Felling and Pelaw - Get a Quote from the leasehold experts approved by your lender

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When it comes to leasehold conveyancing in Felling and Pelaw, you will need to appoint a conveyancing lawyer with leasehold experience. Whether your mortgage company is to be Santander, Birmingham Midshires or Nationwide be sure to choose a lawyer on their approved list. Feel free to use our search tool

Recently asked questions relating to Felling and Pelaw leasehold conveyancing

I am in need of some leasehold conveyancing in Felling and Pelaw. Before diving in I require certainty as to the number of years remaining on the lease.

If the lease is registered - and most are in Felling and Pelaw - 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.

I wish to sublet my leasehold apartment in Felling and Pelaw. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?

A small minority of properties in Felling and Pelaw do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.

I today plan to offer on a house that seems to meet my requirements, at a great figure which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Felling and Pelaw. Conveyancing advisers have are soon to be instructed. Will they explain the issues?

The majority of houses in Felling and Pelaw are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area can help the conveyancing process. We note that you are purchasing in Felling and Pelaw in which case you should be looking for a Felling and Pelaw conveyancing practitioner and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the property is located on an estate. Your conveyancer should appraise you on the various issues.

Do you have any top tips for leasehold conveyancing in Felling and Pelaw from the point of view of expediting the sale process?

  • Much of the delay in leasehold conveyancing in Felling and Pelaw can be avoided where you get in touch lawyers as soon as your agents start advertising the property and request that they start to collate the leasehold documentation which will be required by the buyers solicitors.
  • The majority landlords or managing agents in Felling and Pelaw charge for supplying management packs for a leasehold property. You or your lawyers should find out the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Felling and Pelaw.
  • Some Felling and Pelaw leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors.
  • If you are supposed to have a share in the freehold, you should make sure that you are holding the original share document. Obtaining a re-issued share certificate is often a lengthy process and slows down many a Felling and Pelaw conveyancing transaction. If a new share is necessary, you should approach the company director and secretary or managing agents (if applicable) for this at the earliest opportunity.
  • You believe that you know the number of years left on your lease but you should double-check via your lawyers. A buyer’s lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is below 75 years. In the circumstances it is important at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.

    • Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £475000 maisonette in Felling and Pelaw in just under a week. The landlords agents has quoted £396 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Felling and Pelaw?

    Felling and Pelaw conveyancing on leasehold maisonettes often requires the buyer’s lawyer sending questions for the landlord to answer. Although the landlord is not legally bound to respond to these enquiries the majority will be content to do so. They are at liberty levy a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is over three hundred pounds, in some cases it is above £800. The administration charge demanded by the landlord must be accompanied by a summary of rights and obligations in relation to administration fees, without which the charge is not strictly payable. Reality however dictates that one has no option but to pay whatever is demanded should you wish to exchange contracts with the buyer.

    Leasehold Conveyancing in Felling and Pelaw - Examples of Questions you should ask Prior to Purchasing

      It would be sensible to discover as much as you can regarding the managing agents as they can either make your life much simpler or uncomfortable. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to every day issues such as the tidiness of the communal areas. Ask prospective neighbours whether 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 you get for your money. Is the freehold owned collectively by the tenants? Who is in charge of the block?

    Other Topics

    Lease Extensions in Felling and Pelaw