Guaranteed fixed fees for Leasehold Conveyancing in Hartfield

When it comes to leasehold conveyancing in Hartfield, you will need to instruct a conveyancing practitioner with leasehold experience. Whether your lender is to be Halifax, RBS or Bradford & Bingley make sure you find a lawyer on their panel. Find a Hartfield conveyancing lawyer with our search tool

Sample questions relating to Hartfield leasehold conveyancing

My fiance and I may need to let out our Hartfield ground floor flat for a while due to a new job. We instructed a Hartfield conveyancing firm in 2001 but they have since shut and we did not think at the time seek any guidance as to whether the lease allows us to sublet. How do we find out?

A lease governs the relationship between the freeholder and you the leaseholder; in particular, it will say if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Hartfield do not contain an absolute prevention of subletting – such a clause would adversely affect the market value the flat. In most cases there is a basic requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.

I am hoping to sign contracts shortly on a leasehold property in Hartfield. Conveyancing lawyers have said that they are sending me a report on Monday. What should I be looking out for?

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

  • You should receive a copy of the lease
  • Do you need to have carpet in the flat or are you allowed wood flooring?
  • Ground rent - how much and when you need to pay, and also know whether this will change in the future
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • Whether your lease has a provision for a sinking fund?
  • You should have a good understanding of the insurance provisions
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be contained in your report on your leasehold property in Hartfield please ask your solicitor in ahead of your conveyancing in Hartfield

  • I’m about to sell my 2 bed flat in Hartfield.Conveyancing lawyers have not yet been instructed but I have just had a quarterly service charge invoice – what should I do?

    The sensible thing to do is discharge 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 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. This will smooth the conveyancing process.

    I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have subsequently been informed that the title is leasehold rather than freehold. I would have thought that there are particular concerns purchasing a leasehold house in Hartfield. Conveyancing lawyers have not yet been instructed. Will they explain the issues?

    The majority of houses in Hartfield are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are buying in Hartfield in which case you should be shopping around for a Hartfield conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the communal areas where the property is part of an estate. Your lawyer should report to you on the legal implications.

    I am looking at a couple of maisonettes in Hartfield both have approximately 50 years unexpired on the leases. Will this present a problem?

    There are plenty of short leases in Hartfield. The lease is a right to use the property for a prescribed time frame. As a lease gets shorter the saleability of the lease decreases and it becomes more costly to extend the lease. This is why it is advisable to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this field

    I inherited a basement flat in Hartfield, conveyancing formalities finalised in 2009. How much will my lease extension cost? Similar properties in Hartfield with an extended lease are worth £264,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ceases on 21st October 2094

    With just 70 years remaining on your lease we estimate the premium for your lease extension to be between £15,200 and £17,600 as well as legals.

    The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.

    Other Topics

    Lease Extensions in Hartfield