Guaranteed fixed fees for Leasehold Conveyancing in Kingsbridge

When it comes to leasehold conveyancing in Kingsbridge, you will need to instruct a conveyancing solicitor with leasehold experience. Whether your mortgage company is to be Lloyds, RBS or NatWest make sure you choose a lawyer on their panel. Find a Kingsbridge conveyancing lawyer with our search tool

Top Five Questions relating to Kingsbridge leasehold conveyancing

I only have 68 years left on my lease in Kingsbridge. I now wish to get lease extension but my freeholder is can not be found. What should I do?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to demonstrate that you have used your best endeavours to locate the landlord. In some cases a specialist may be useful to conduct investigations and to produce an expert document to be used as proof that the freeholder can not be located. It is wise to seek advice from a solicitor in relation to investigating the landlord’s disappearance and the vesting order request to the County Court covering Kingsbridge.

Estate agents have just been given the go-ahead to market my 2 bed flat in Kingsbridge.Conveyancing is yet to be initiated but I have just had a yearly maintenance charge invoice – should I leave it to the buyer to sort out?

It best that you clear the service charge 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 management companies will not acknowledge the buyer unless 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. Having a clear account will assist your cause and will leave you no worse off financially.

What advice can you give us when it comes to finding a Kingsbridge conveyancing firm to carry out our lease extension conveyancing?

When appointing a conveyancer for lease extension works (regardless if they are a Kingsbridge conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Kingsbridge conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions could be useful:

  • If the firm is not ALEP accredited then why not?
  • How many lease extensions has the firm conducted in Kingsbridge in the last year?

  • If all goes to plan we aim to complete our sale of a £125000 garden flat in Kingsbridge on Thursday in a week. The landlords agents has quoted £324 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Kingsbridge?

    Kingsbridge conveyancing on leasehold maisonettes typically necessitates fees being raised by freeholders :

    • Completing conveyancing due diligence enquiries
    • Where consent is required before sale in Kingsbridge
    • Copies of the building insurance and schedule
    • Deeds of covenant upon sale
    • Registering of the assignment of the change of lessee after a sale
    Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Kingsbridge leasehold property is £350. For Kingsbridge 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 required to provide the information.

    What are the frequently found deficiencies that you encounter in leases for Kingsbridge properties?

    There is nothing unique about leasehold conveyancing in Kingsbridge. Most leases are individual and drafting errors can sometimes mean that certain sections are erroneous. The following missing provisions could result in a defective lease:

    • A provision to repair to or maintain elements of the building
    • Insurance obligations
    • A provision for the recovery of money spent for the benefit of another party.
    • Service charge per centages that don't add up correctly leaving a shortfall

    You will encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Coventry Building Society, and Platform Home Loans Ltd all have express requirements 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 provide security, forcing the buyer to withdraw.

    Kingsbridge Leasehold Conveyancing - A selection of Questions you should consider before buying

      Be sure to discover if there is anything that is prohibited in the lease. For example plenty of leases prohibit pets being permitted in in a block in Kingsbridge. If you like the apartmentin Kingsbridge however your dog is not allowed to move with you then you will be presented with a difficult determination. Does this lease have in excess of 82 years unexpired? The best form of lease arrangement is where the freehold reversion is in the ownership of the leaseholders. In this scenario the tenants have being in charge if their destiny and notwithstanding that a managing agent is usually employed where the building is larger than a house conversion, the managing agent retained by the leaseholders.

    Other Topics

    Lease Extensions in Kingsbridge