Leasehold Conveyancing in Hayle - Get a Quote from the leasehold experts approved by your lender

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When it comes to leasehold conveyancing in Hayle, you will need to chose a conveyancing practitioner with leasehold experience. Whether your mortgage company is to be Santander, Yorkshire Building Society or Nationwide be sure to find a lawyer on their panel. Feel free to use our search tool

Recently asked questions relating to Hayle leasehold conveyancing

Harry (my fiance) and I may need to rent out our Hayle ground floor flat temporarily due to a career opportunity. We instructed a Hayle conveyancing practice in 2003 but they have closed and we did not think at the time seek any advice as to whether the lease prohibits the subletting of the flat. How do we find out?

Even though your last Hayle conveyancing lawyer is no longer around you can check your lease to check if you are permitted to let out the apartment. The rule is that if the deeds are non-specific, subletting is allowed. Quite often there is a prerequisite that you are obliged to obtain permission via your landlord or some other party in advance of subletting. This means that you cannot sublet in the absence of first obtaining permission. The consent must not not be unreasonably refused ore delayed. If the lease prohibits you from subletting the property you will need to ask your landlord for their consent.

I have recently realised that I have Seventy years remaining on my flat in Hayle. I now wish to extend my lease but my freeholder is absent. What are my options?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to prove that you or your lawyers have used your best endeavours to locate the lessor. In some cases an enquiry agent would be helpful to conduct investigations and to produce a report which can be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court covering Hayle.

Expecting to sign contracts shortly on a garden flat in Hayle. Conveyancing solicitors assured me that they will have a report out to me within the next couple of days. What should I be looking out for?

Your report on title for your leasehold conveyancing in Hayle should include some of the following:

  • The length of the lease term You should be advised as what happens when the lease expires, and aware of the importance of not letting the lease term falling below eighty years
  • The total extent of the demise. This will be the property itself but could also include a loft or basement if appropriate.
  • Does the lease prohibit wood flooring?
  • Does the lease prevent you from renting out the property, or having a home office for business
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • Repair and maintenance of the flat
  • What options are open to you if a neighbour is in violation of a provision in their lease? For a comprehensive list of information to be included in your report on your leasehold property in Hayle please enquire of your solicitor in ahead of your conveyancing in Hayle

    • I am tempted by the attractive purchase price for a two maisonettes in Hayle both have about 50 years unexpired on the lease term. Will this present a problem?

    There are plenty of short leases in Hayle. The lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease shortens the saleability of the lease reduces and it becomes more costly to extend the lease. For this reason it is often a good idea to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this field

    What advice can you give us when it comes to appointing a Hayle conveyancing practice to deal with our lease extension?

    If you are instructing a solicitor for lease extension works (regardless if they are a Hayle conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Hayle conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions might be useful:

    • If they are not ALEP accredited then why not?
  • What volume of lease extensions has the firm conducted in Hayle in the last twenty four months?

    • I bought a basement flat in Hayle, conveyancing formalities finalised 1995. Can you work out an approximate cost of a lease extension? Corresponding properties in Hayle with an extended lease are worth £211,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease expires on 21st October 2092

    With 66 years remaining on your lease we estimate the premium for your lease extension to be between £12,400 and £14,200 as well as professional fees.

    The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.

    Other Topics

    Lease Extensions in Hayle