Sample questions relating to Hove leasehold conveyancing
Having had my offer accepted I require leasehold conveyancing in Hove. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Hove - 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.
Planning to sign contracts shortly on a garden flat in Hove. Conveyancing lawyers assured me that they will have a report out to me next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Hove should include some of the following:
- The unexpired lease term You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark
I’m about to sell my ground floor flat in Hove.Conveyancing has not commenced but I have just received a yearly service charge invoice – what should I do?
The sensible thing to do is 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 until 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.
My wife and I purchased a leasehold house in Hove. Conveyancing and Alliance & Leicester mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Hove who previously acted has long since retired.Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Hove conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Can you provide any top tips for leasehold conveyancing in Hove with the aim of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Hove can be reduced if you instruct lawyers as soon as you market your property and request that they start to collate the leasehold information needed by the buyers solicitors.
- Many landlords or Management Companies in Hove levy fees for supplying management packs for a leasehold property. You or your lawyers should discover the fee that they propose to charge. The management pack sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Hove.
Hove Leasehold Conveyancing - Examples of Queries before Purchasing
On the whole the cost for major works tend not to be built into the service charges, although a few managing agents in Hove require leaseholders to contribute towards a sinking fund and this is used to offset against larger repairs or maintenance.
Best to be warned whether redecorating or some other major work is anticipated to be shared between the leasehold owners and will dramatically increase the the service fees or result in a one time payment.
It would be wise to discover as much as you can about the company managing the building as they will either make living at the property much easier or problematic. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day matters like the upkeep of the common parts. Don't be afraid to ask other people if they are happy with their management. In conclusion, be sure you understand the dates that you are obliged pay the service charge to the appropriate party and specifically what it includes.