Guaranteed fixed fees for Leasehold Conveyancing in Horfield

Any conveyancing solicitor can theoretically deal with your leasehold conveyancing in Horfield, your mortgage provider may unwilling to work with them if the firm are not on their list of approved solicitors for conveyancing

Horfield leasehold conveyancing Example Support Desk Enquiries

Planning to complete next month on a studio apartment in Horfield. Conveyancing lawyers have said 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 Horfield should include some of the following:

  • Do you need to have carpet in the flat or are you allowed wood flooring?
  • Are pets allowed in the flat?
  • Does the lease prevent you from renting out the flat, or having a home office for business
  • You need to be told what constitutes a Nuisance in the lease
  • 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 you can do if a neighbour breach a clause of their lease? For details of the information to be contained in your report on your leasehold property in Horfield please enquire of your solicitor in ahead of your conveyancing in Horfield

  • My wife and I purchased a leasehold flat in Horfield. Conveyancing and Leeds Building Society mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Horfield who acted for me is not around.What should I do?

    The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Horfield conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

    I am tempted by the attractive purchase price for a two flats in Horfield both have approximately 50 years remaining on the leases. Should I regard a short lease as a deal breaker?

    A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease decreases and it becomes more expensive to extend the lease. For this reason it is often a good idea to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this arena

    All being well we will complete the sale of our £150000 flat in Horfield in 8 days. The managing agents has quoted £384 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Horfield?

    Horfield conveyancing on leasehold flats nine out of ten times results in fees being invoiced by managing agents :

    • Completing pre-contract questions
    • Where consent is required before sale in Horfield
    • Supplying insurance information
    • Deeds of covenant upon sale
    • Registering of the assignment of the change of lessee after a sale
    Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Horfield leasehold premises is £350. For Horfield conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to supply the information.

    In relation to leasehold conveyancing in Horfield what are the most common lease problems?

    Leasehold conveyancing in Horfield is not unique. Most leases is drafted differently and drafting errors can result in certain sections are wrong. The following missing provisions could result in a defective lease:

    • A provision to repair to or maintain parts of the premises
    • Insurance obligations
    • Clauses dealing with recovering service charges for expenditure on the building or common parts.
    • Maintenance charge proportions which don’t add up to the correct percentage

    A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Norwich and Peterborough Building Society, and Platform Home Loans Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to withdraw.

    Horfield Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing

      Does the lease include onerous restrictions? Are there any major works in the near future that will likely increase the service costs? The answer will be helpful as a) areas could result in problems for the block as the common areas may begin to deteriorate if repairs remain unpaid b) if the leasehold owners have a dispute with the managing agents you will wish to have all the details

    Other Topics

    Lease Extensions in Horfield