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

Get a Quote

Leasehold conveyancing in Kingsnorth 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 Kingsnorth and across next step up in loc. The lawyers we recommend have been approved by your lender so use our search tool to check.

Common questions relating to Kingsnorth leasehold conveyancing

I am on look out for some leasehold conveyancing in Kingsnorth. Before diving in I require certainty as to the remaining lease term.

If the lease is registered - and 99.9% are in Kingsnorth - 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 have recently realised that I have Fifty years unexpired on my lease in Kingsnorth. I need to get lease extension but my landlord is can not be found. What should I do?

If you meet the appropriate requirements, 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 granted an extra 90 years by the Court. You will be obliged to prove that you have made all reasonable attempts to locate the lessor. On the whole an enquiry agent may be useful to conduct investigations and to produce an expert document to be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to proving the landlord’s absence and the vesting order request to the County Court overseeing Kingsnorth.

Due to complete next month on a ground floor flat in Kingsnorth. Conveyancing lawyers have said that they will have a report out to me on Monday. What should I be looking out for?

The report on title for your leasehold conveyancing in Kingsnorth should include some of the following:

  • Does the lease require carpeting throughout thus preventing wood flooring?
  • Are you allowed to have a pet in the flat?
  • Whether the lease restricts you from subletting the property, or having a home office for business
  • You need to be told what counts as a Nuisance in the lease
  • An explanation as to the provision in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder has
  • The landlord’s rights to access the flat you be made aware that your landlord has rights of access and I know how much notice s/he must provide.
  • The landlord’s obligations to repair and maintain the building. It is important that you know who is responsible for the repair and maintenance of every part of the building For details of the information to be contained in your report on your leasehold property in Kingsnorth please ask your conveyancer in ahead of your conveyancing in Kingsnorth

    • I am looking at a couple of maisonettes in Kingsnorth both have about 50 years unexpired on the lease term. Will this present a problem?

    A lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the value of the lease reduces and it becomes more expensive to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this field

    Can you provide any top tips for leasehold conveyancing in Kingsnorth from the perspective of expediting the sale process?

    • A significant proportion of the delay in leasehold conveyancing in Kingsnorth can be avoided if you instruct lawyers as soon as you market your property and request that they start to collate the leasehold information needed by the purchasers’ solicitors.
    • Many freeholders or managing agents in Kingsnorth levy fees for providing management packs for a leasehold property. You or your lawyers should find out the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Kingsnorth.
  • If you have carried out any alterations to the premises would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Kingsnorth leases often stipulate that internal structural changes or laying down wooden flooring require a licence from the Landlord approving such works. Where you fail to have the approvals in place do not communicate with the landlord without checking with your lawyer first.
  • Some Kingsnorth leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual 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 service charge figures so that they can pass this information on to the purchasers or their solicitors.
  • You believe that you know the number of years remaining on your lease but it would be advisable verify this by asking your lawyers. A buyer’s conveyancer will not be happy to advise their client to where the remaining number of years is below 80 years. It is therefore essential at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale.

    • I inherited a 1st floor flat in Kingsnorth, conveyancing having been completed 4 years ago. How much will my lease extension cost? Corresponding properties in Kingsnorth with a long lease are worth £226,000. The average or mid-range amount of ground rent is £60 invoiced annually. The lease finishes on 21st October 2082

    With only 56 years unexpired we estimate the premium for your lease extension to range between £26,600 and £30,800 as well as costs.

    The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.

    Other Topics

    Lease Extensions in Kingsnorth