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

While any conveyancing practice can theoretically handle your leasehold conveyancing in Highnam, your mortgage provider may not be willing to work with them if the firm are not on their list of approved solicitors for conveyancing

Highnam leasehold conveyancing Example Support Desk Enquiries

I am in need of some leasehold conveyancing in Highnam. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.

If the lease is recorded at the land registry - and most are in Highnam - 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 would like to let out my leasehold flat in Highnam. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?

Notwithstanding that your previous Highnam conveyancing solicitor is not available you can review your lease to check if it allows you to sublet the property. The accepted inference is that if the lease is silent, subletting is allowed. Quite often there is a prerequisite that you must obtain consent via your landlord or some other party in advance of subletting. This means you not allowed to sublet without first obtaining consent. The consent must not not be unreasonably withheld. If the lease prohibits you from subletting the property you should ask your landlord for their consent.

Looking forward to complete next month on a ground floor flat in Highnam. Conveyancing lawyers have said that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?

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

  • The length of the lease term You should be advised as what happens when the lease ends, and aware of the importance of the 80 year mark
  • You should be told what constitutes a Nuisance in the lease
  • Whether your lease has a provision for a reserve fund?
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice?
  • Responsibility for repairing the window frames
  • What you can do if a neighbour breach a clause of their lease?
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be included in your report on your leasehold property in Highnam please ask your conveyancer in advance of your conveyancing in Highnam

  • What are your top tips when it comes to finding a Highnam conveyancing firm to deal with our lease extension?

    If you are instructing a conveyancer for lease extension works (regardless if they are a Highnam conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with two or three firms including non Highnam conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be helpful:

    • How many lease extensions has the firm completed in Highnam in the last year?
  • Can they put you in touch with client in Highnam who can give a testimonial?

  • Can you provide any advice for leasehold conveyancing in Highnam with the aim of expediting the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Highnam can be avoided if you appoint lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information needed by the buyers representatives.
    • Some Highnam leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly 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 purchasers or their solicitors.
  • If you have had any disputes with your freeholder or managing agents it is essential that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over as opposed to unresolved.
  • If you hold a share in a the Management Company, you should ensure that you are holding the original share document. Obtaining a replacement share certificate is often a lengthy process and delays many a Highnam home move. Where a new share is necessary, you should approach the company officers or managing agents (if relevant) for this sooner rather than later.
  • You believe that you know the number of years remaining on your lease but it would be advisable verify this via your lawyers. A buyer’s conveyancer will not be happy to advise their client to to exchange contracts if the lease term is under 80 years. It is therefore essential at an early stage that you identify whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale.

  • Highnam Leasehold Conveyancing - Examples of Queries before Purchasing

      You will want to discover as much as you can regarding the company managing the block as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to daily matters like the tidiness of the common parts. Don't be afraid to ask other people what they think of their management. Finally, investigate as to the dates that you are obliged pay the service charge to the relevant party and specifically what you get for your money. Generally speaking the cost for major works are not included within maintenance charges, albeit that a few managing agents in Highnam ask tenants to contribute towards a reserve fund created for the specific intention of building a fund for major works. Make sure you discover if there are any onerous prohibitions in the lease. For instance some leases prohibit pets being permitted in certain buildings in Highnam. If you like the apartmentin Highnam but your dog can’t live with you then you have a very hard determination.

    Other Topics

    Lease Extensions in Highnam