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Leasehold conveyancing in Kings Lynn is more complex than freehold. Your home move will be smoother where you choose a lawyer with a wealth of experience of leasehold conveyancing in Kings Lynn and throughout next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Kings Lynn leasehold conveyancing: Q and A’s

Having had my offer accepted I require leasehold conveyancing in Kings Lynn. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.

If the lease is recorded at the land registry - and most are in Kings Lynn - then the leasehold title will always include the basic details 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 am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great price which is making it more attractive. I have since found out that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Kings Lynn. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Kings Lynn ?

The majority of houses in Kings Lynn are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Kings Lynn in which case you should be looking for a Kings Lynn conveyancing solicitor and be sure that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the freeholder’sconsent to conduct changes to the property. It may be necessary to pay a contribution towards the maintenance of the estate where the property is located on an estate. Your lawyer will appraise you on the various issues.

My wife and I purchased a leasehold house in Kings Lynn. Conveyancing and The Mortgage Works mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Kings Lynn who previously acted has now retired.Any advice?

First make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. You do not need to instruct a Kings Lynn conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

What are your top tips when it comes to appointing a Kings Lynn conveyancing firm to carry out our lease extension conveyancing?

When appointing a conveyancer for your lease extension (regardless if they are a Kings Lynn conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggested that you make enquires with several firms including non Kings Lynn 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 of use:

  • What volume of lease extensions has the firm carried out in Kings Lynn in the last twenty four months?
  • What are the costs for lease extension conveyancing?

    • Do you have any advice for leasehold conveyancing in Kings Lynn with the aim of saving time on the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Kings Lynn can be reduced if you appoint lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold information which will be required by the purchasers’ lawyers.
    • The majority freeholders or managing agents in Kings Lynn levy fees for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common cause of delay in leasehold conveyancing in Kings Lynn.
  • In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Kings Lynn state that internal structural alterations or addition of wooden flooring require a licence from the Landlord acquiescing to such alterations. Should you dont have the consents in place you should not communicate with the landlord without checking with your solicitor in advance.
  • A minority of Kings Lynn leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The 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 buyers or their lawyers.
  • If you are supposed to have a share in the Management Company, you should ensure that you are holding the original share certificate. Arranging a re-issued share certificate can be a time consuming process and delays many a Kings Lynn conveyancing transaction. Where a new share certificate is needed, do contact the company director and secretary or managing agents (where applicable) for this as soon as possible.

    • Leasehold Conveyancing in Kings Lynn - Sample of Questions you should ask before buying

      If a Kings Lynn lease has fewer than 80 years it will have adverse implications on the value of the flat. Check with your mortgage company that they are happy with remaining years on the lease. Leases with less than 80 years remaining means that you will most likely require a lease extension sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you will be required to have been the owner of the property for 24 months before you are entitled to carry out a lease extension. On the whole the outlay for major works tend not to be included within service charges, although some managing agents in Kings Lynn require tenants to pay into a sinking fund created for the specific purpose of building a fund for major works. Does the lease contain onerous restrictions?

    Other Topics

    Lease Extensions in Kings Lynn