Leasehold Conveyancing in Fir Vale and Wadsley Bridge - Get a Quote from the leasehold experts approved by your lender

Get a Quote

Require a conveyancing quote from a solicitor for leasehold conveyancing in Fir Vale and Wadsley Bridge on your lender’s panel? Use our search tool to find quality local Fir Vale and Wadsley Bridge conveyancing practitioners or national solicitors on your lender’s panel .

Questions and Answers: Fir Vale and Wadsley Bridge leasehold conveyancing

Having had my offer accepted I require leasehold conveyancing in Fir Vale and Wadsley Bridge. Before diving in I would like to find out the remaining lease term.

Assuming the lease is recorded at the land registry - and 99.9% are in Fir Vale and Wadsley Bridge - 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 am hoping to exchange soon on a basement flat in Fir Vale and Wadsley Bridge. Conveyancing solicitors inform me that they will have a report out to me tomorrow. What should I be looking out for?

Your report on title for your leasehold conveyancing in Fir Vale and Wadsley Bridge should include some of the following:

  • You should be sent a copy of the lease
  • The unexpired lease term You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark
  • Are pets allowed in the flat?
  • Whether your lease has a provision for a sinking 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
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice?
  • What options are open to you if a neighbour breach a clause of their lease? For details of the information to be included in your report on your leasehold property in Fir Vale and Wadsley Bridge please ask your solicitor in advance of your conveyancing in Fir Vale and Wadsley Bridge

    • Estate agents have just been given the go-ahead to market my garden flat in Fir Vale and Wadsley Bridge.Conveyancing solicitors are to be appointed soon but I have just had a half-yearly maintenance charge demand – Do I pay up?

    Your conveyancing lawyer is likely to suggest that you should 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 managing agents 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. Having a clear account will assist your cause and will leave you no worse off financially.

    What are your top tips when it comes to finding a Fir Vale and Wadsley Bridge conveyancing practice to deal with our lease extension?

    When appointing a property lawyer for lease extension works (regardless if they are a Fir Vale and Wadsley Bridge conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non Fir Vale and Wadsley Bridge conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions might be useful:

    • How familiar is the firm with lease extension legislation?
  • If they are not ALEP accredited then what is the reason?

    • Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £450000 garden flat in Fir Vale and Wadsley Bridge next week. The freeholder has quoted £300 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Fir Vale and Wadsley Bridge?

    Fir Vale and Wadsley Bridge conveyancing on leasehold apartments often requires the buyer’s lawyer sending enquiries for the landlord to address. Although the landlord is not legally bound to address these enquiries most will be willing to assist. They may levy a reasonable charge for answering questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is £350, in some transactions it exceeds £800. The management information fee required by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration fees, without which the invoice is technically not due. In reality one has no option but to pay whatever is requested of you should you wish to sell the property.

    Fir Vale and Wadsley Bridge Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing

      Are any of leasehold owners in arrears of their service charge liability? The majority of Fir Vale and Wadsley Bridge leasehold properties will be liable to pay a service bill for the upkeep of the building levied on behalf of the management company. Where you acquire the apartment you will have to meet this contribution, usually quarterly accross the year. This may be anything from two or three hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent for you to pay yearly, this is usually not a large amount, say about £50-£100 but you need to check it because occasionally it can be many hundreds of pounds. Best to be warned if window replacement or some other major work is coming up to be shared between the tenants and will materially increase the the service costs or necessitate a one time payment.

    Other Topics

    Lease Extensions in Fir Vale and Wadsley Bridge